Its weakening and weakening!! Now, do i buy a stash of dollars today or wait and see if it falls further....?!

I'm gutted, we transferred a couple of weeks agao and it wasn't as good as now. We were told it was going to fall and wish we waited now!!!

Im coming over for 10 days in November - I am debating whether or not to get some now. Or wait to see if it falls further.

Ive just spoken to a dealer that i deal with through work and he advises that some GDP data on the uk which would see the usd strengthen a bit comes out on the 27th. GDP is expected to strengthen per some reports although not by much causing economists still fearing a weak recovery causing teh dollar to gain back against sterling.

This is all just talk and internet reports of ''experts'' but do i take a punt and hope it doesnt go any higher???! Arrgghhh!!!

Ive heard its going to strengthen too etc, Looked at a few Forex forecast sites etc. I Might just buy half now and then see what happens over the next few months.

Damn, its lost half a point already!! May have missed the boat

Based on the dozens of previous posts at similar points in the USD/GBP exchange cycle, there's a 50/50 chance that the USD will go up or down.

I spent almost a month wrestling with my US bank to transfer my remaining USD into the UK several months back, when it was at $1.35. By the time it arrived, the pound was up above $1.55, so I hung on and it's now at almost $1.65.

Robert Frost (I think) once said that a door is something a dog is always on the wrong side of. Over the past 30 years, the USD/GBP exchange rate is something I always seem to be on the wrong side of.

The broker I deal with once said "If the rate is acceptable to you take it. Those that are greedy and try and milk for a few extra dollars usually lose out."

Ah, so it can go up or down? I see.

The federal reserve and the US government are deliberately allowing the US$ to weaken to give the US an advantage in exports against its main competitors (Europe, UK, Japan, Australia, and Canada).

I suspect the US government would be happy to see the US$ fall to $1.80 to the £ and $1.60 to the Euro. However things like the European sovereign debt crisis could turn exchange rates around on a dime especially if one of the countries defaults or Spain gets into trouble .