US ($) Currency Thread 2

neilbond007

ratkarth wrote: »

Look at all the excitment, even feeling may re book some of my hotels for my vegas trip in august if it continues like this to nicer hotels

I do this all the time when I go!
The rates change so much over there. Having a great hotel in Vegas aint that important as you aren't in the room that much... but it is nice!
Back up to 1.6037!

whatusername

Still holding above 1.60 keep going up there yon quid

neilbond007

I just got the following update from TorFX. Makes good reading -
Market Update - GBP USD
Sterling caught a cold last week after credit rating agency Standard & Poor's moved its outlook on AAA rated gilts to negative. That's not an actual downgrade, but it is an indication that the extent of our quantitative easing measures and the dramatic increase in national debt is having an impact on the UK's investment status.
The pound dropped nearly three cents in an hour, but recovered to post new highs by the end of the session. That was last Thursday, and since then we have been marching steadily higher. One of the more commonly used financial market proverbs holds that, "what should go down and doesn't go down can only go up". That neatly sums up last week's action. The pound has been so oversold in recent months, and pessimism has reached such an extreme that investors are now numbed to it and the market ultimately shrugged off the bad news. That reaction gives us further cause for optimism in the short term, and we are hoping to see more upside from Sterling over the next few weeks.
Having overcome key technical resistance around 1.5725, we now have a relatively clear run up to 1.6197 and then 1.6672. Clients looking to buy dollars should still consider placing a stop order below 1.5725 in case things don't go to plan.

gardner1

for anybody going to california use the community bank cashpoints with nationwide card its says on screen you will be charged $1.50 for using it
just checked my account when got home and no charge on 4 times i used them and got exchange rate of up to 1.584 bank of america charged $2 the 2 times i used them

http://www.communitybank-ca.com/locations/index.asp

neilbond007

Looks like we're having a spurt! Shot up to 1.6079!

whatusername

neilbond007 wrote: »

I just got the following update from TorFX. Makes good reading -
Market Update - GBP USD
Sterling caught a cold last week after credit rating agency Standard & Poor's moved its outlook on AAA rated gilts to negative. That's not an actual downgrade, but it is an indication that the extent of our quantitative easing measures and the dramatic increase in national debt is having an impact on the UK's investment status.
The pound dropped nearly three cents in an hour, but recovered to post new highs by the end of the session. That was last Thursday, and since then we have been marching steadily higher. One of the more commonly used financial market proverbs holds that, "what should go down and doesn't go down can only go up". That neatly sums up last week's action. The pound has been so oversold in recent months, and pessimism has reached such an extreme that investors are now numbed to it and the market ultimately shrugged off the bad news. That reaction gives us further cause for optimism in the short term, and we are hoping to see more upside from Sterling over the next few weeks.
Having overcome key technical resistance around 1.5725, we now have a relatively clear run up to 1.6197 and then 1.6672. Clients looking to buy dollars should still consider placing a stop order below 1.5725 in case things don't go to plan.

Interesting reading that and given the fact that it's given a value to buy at should it drop again is very interesting.

Who really knows what to do other than keep a close eye on it and buy when a significant drop is noticed. I've only another £1k to buy for my holiday after securing deals at 1.4952 and 1.5275 which were both veryu good rates at the time.

Cade_Foster

Having a little drop back into the 1.59s at the moment, come on pound turn it round .

jonathanrichardson69

morning all,
trading at 1.593 this morning.

jonathanrichardson69

below 1.59 now, currently 1.5896, not a good start to today

morg_monster

Just bought $1300 at 1.6050 from CCE for our honeymoon in July. Need to still buy about that much again, so fingers crossed for more rises. Either way I'm very happy that I got at least part of it for over 1.6, especially considering the rate we got for the first CHAPS downpayment was about 1.37.