Archived Discussion Topic

exchange rates       started by morleylamb on 16 Feb 2011   (23397)
Message InfoMessage
From morleylamb

16 Feb 2011 8:19 PM
Anyone got a crystal ball, if so let us know whats gonna happen with the exchange rate!
From SyNikki

To morleylamb

16 Feb 2011 10:45 PM
No crystal ball, but I reckon it will stay pretty much the same for the rest of this year at least!
From simonc

To morleylamb

17 Feb 2011 12:47 PM
From kildrummy

To morleylamb

17 Feb 2011 4:57 PM
The general view in the UK is now that inflation is more than twice official targets interest rates will have to rise pretty soon. Most estimates are for between two and four rises this year. This would certainly stregthen the pound against other currencies. The real question is by how much. I have been transferring dollars to pounds for a few months now on anticipation of a recovery by the pound and am hoping to transfer back at closer $2 but it really is a hard one to call. Another crisis could see us back in the volatile territory of a few years back when the dollar went from 2 to the pound to 2.74 to the pound in about four months. If you can afford to leave some money in the UK it might be a smart thing to do...........then again others are still talking up the dollar.
From Mindblower

To kildrummy

17 Feb 2011 10:59 PM
Yeah..should stabalize at current levels or improve mildly if UK interest rates rise...I think the days of 2-20 and above are gone.