pound / Dollar - $1.95 today
 

Time to sell my UK house :) That's up 40% from the 1.4 money rate I sent over 5 years back :) Plus the House price has gone up more than friggin US properties (here in GA)...

bets on whether it'll be $2 to the pound...

Re: pound / Dollar - $1.95 today
 

Holy sh** and I'm selling my US house. at this rate I'll be able to buy a weeks worth of groceries with the proceeds in Blighty.

Re: pound / Dollar - $1.95 today
 

the toruist rate for mortals in the UK is still only 1.85, so thats not too bad :D

Sending money back though will be worse I guess!!

Re: pound / Dollar - $1.95 today
 

I've already said and its documented in BE ...someplace..that it'll hit 42 to the GBP by May next year. Ray, however, said I was a wanker for thinking that.

Re: pound / Dollar - $1.95 today
 

:( and I need to convert some $$ to Sterling too :eek:

Re: pound / Dollar - $1.95 today
 

the american economy is tanking, in case none of you noticed. 2007 u will be in a recession.

Re: pound / Dollar - $1.95 today
 

well rounded arguement, well done!

Re: pound / Dollar - $1.95 today
 

But the Dow is at record highs!

Re: pound / Dollar - $1.95 today
 

:D

Re: pound / Dollar - $1.95 today
 

this was written in august.
http://observer.guardian.co.uk/busin...838081,00.html

Re: pound / Dollar - $1.95 today
 

the dow has been inflated by liquid injections into the market by the federal reserve. greenspan used this tactic a lot also. ferdanke is pretty much using the same rule book. also, stock prices are inflated by companies buying back their own stocks to jack up the prices. please note the high prices of an ounce of gold. investors buy gold in recessions, because the dollar loses value quickly. combines the housing slump, walmarts poor black friday numbers (largest retailer in the USA), negative personal savings rate and you get a poor economy.

Re: pound / Dollar - $1.95 today
 

42 ???
Jaysus - I'll never be able to afford to go back.

Re: pound / Dollar - $1.95 today
 

Biggest losers = chinese
Biggest winners = Americans

Re: pound / Dollar - $1.95 today
 

Nail on the head with the gold. The price of gold is all you need to watch, when Wall street is on the up and up, that's where people invest. As soon as Wall street starts to look shaky, people invest in something with a lower profit but a guaranteed steady value just to ride the storm. i.e. gold.

Re: pound / Dollar - $1.95 today
 

But you will be in Montreal :scared:

I'll take my chances with the recession thanks.