Will the pound go to $2.00?
Sep 8th 2005, 12:04 pm
#16
BE Forum Addict
Joined: Jul 2005
Location: Infinity and beyond
Posts: 1,324
Re: Will the pound go to $2.00?
Its a tough call. The $ should get stronger because:
1. The US economy is growing strongly.
2. US interest rates are rising.
3. Bush has said he is going to cut the federal deficit in half.
But....
1. The trade gap is vast (and set to get even bigger following Katrina as the US imports more oil and agricultural exports through the Gulf are hampered.)
2. Interest rates may be held following Katrina.
3. Nobody believes Bush is going to cut the deficit - Iraq is costing $5bn a month, any fix to social security is going to cost money in the short term and Congress has already stuffed this year's budget with pork.
1. The US economy is growing strongly.
2. US interest rates are rising.
3. Bush has said he is going to cut the federal deficit in half.
But....
1. The trade gap is vast (and set to get even bigger following Katrina as the US imports more oil and agricultural exports through the Gulf are hampered.)
2. Interest rates may be held following Katrina.
3. Nobody believes Bush is going to cut the deficit - Iraq is costing $5bn a month, any fix to social security is going to cost money in the short term and Congress has already stuffed this year's budget with pork.
Sep 8th 2005, 5:55 pm
#17
Payed up premium member
Joined: Aug 2004
Location: The desert
Posts: 2,327
Re: Will the pound go to $2.00?
Originally Posted by Rompers
Its a tough call. The $ should get stronger because:
1. The US economy is growing strongly.
2. US interest rates are rising.
3. Bush has said he is going to cut the federal deficit in half.
But....
1. The trade gap is vast (and set to get even bigger following Katrina as the US imports more oil and agricultural exports through the Gulf are hampered.)
2. Interest rates may be held following Katrina.
3. Nobody believes Bush is going to cut the deficit - Iraq is costing $5bn a month, any fix to social security is going to cost money in the short term and Congress has already stuffed this year's budget with pork.
1. The US economy is growing strongly.
2. US interest rates are rising.
3. Bush has said he is going to cut the federal deficit in half.
But....
1. The trade gap is vast (and set to get even bigger following Katrina as the US imports more oil and agricultural exports through the Gulf are hampered.)
2. Interest rates may be held following Katrina.
3. Nobody believes Bush is going to cut the deficit - Iraq is costing $5bn a month, any fix to social security is going to cost money in the short term and Congress has already stuffed this year's budget with pork.
Sep 8th 2005, 5:58 pm
#18
Payed up premium member
Joined: Aug 2004
Location: The desert
Posts: 2,327
Re: Will the pound go to $2.00?
Originally Posted by Ray
It will never happen ..all the big money dives out at just over the 1.90...
I'm gonna wait on changing my back dated pocket money untill it reaches there...4.50 x $1.90.
Sep 8th 2005, 6:26 pm
#19
Senior Moment
Joined: Nov 2003
Location: NYC
Posts: 5,008
Re: Will the pound go to $2.00?
Originally Posted by Manc
currently selling my mums old house.
I hope it goes to $2.00 a quid..........
I hope it goes to $2.00 a quid..........
