US ($) Currency Thread 2

neilbond007

Shot up from 1.555 to 1.57!

It's the good old Friday spurt!

sabretoothtigger

Very big outperformance recently. Im told its linked to UK inflation figures and the belief of the big money players that Britain will have to raise interest rates sooner where as America is relatively flat

http://www.ashraflaidi.com/forex-news/

xmbs

Suits me, heading off to the US next week I just hope it holds/keeps going for the next three weeks or so...... I'm slightly nervous the pound'll tank again as seemed to happen last month when they announce on Friday that the rates are not going up for another month.

wakeywarrior

I'mm off to the States in 10 weeks- any thoughts on whether the trend is further upward or should I get some now?

sabretoothtigger

do half and half. Its already done well, could continue also
1.3 to 1.7 is the rough range

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      82.0       1.5661      0.8320 
               OPEN      82.2       1.5733      0.8306 
              10 AM      82.5       1.5791      0.8270 
               NOON      82.5       1.5808      0.8267 
               2 PM      82.7       1.5867      0.8261 
               4 PM      82.5       1.5897      0.8295 
 


August 02, 2010 11:03 ET (15:03 GMT)

Cable is breaking a trend thats been true for nearly 3 years, this large movement lately is justified



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4Chickens

Checked BBC at 11.15am $1.59490

I am off to the states on 10th Sept and will be hanging on as long as I possibly can before I buy my currency.

I will be changing £1000 to USD so for every 1 cent it rises I will get and extra £10. I am hoping that it rises to $1.85 by the time I have to buy my currency. I figure if I use Thomas Cook I will get $1.80. I have looked at Travelex but have to make sure my bank won't levy a charge and wipeout any gains.

This is all wishful thinking but nail biting nonetheless (need to get out more I think);)

nomad1972

cindiedunkley wrote: »

Checked BBC at 11.15am $1.59490

I am off to the states on 10th Sept and will be hanging on as long as I possibly can before I buy my currency.

I'm off on 24th Aug and hoping the spurt continues.

Thomas Cook seems the best bet. Order online rates and collect and pay in store.

My bank stung me with Travelex. I called to complain and got a refund of the charge but can't keep doing that. :-)

4Chickens

OK now I'm curious (and nosy)

Who's going to the USA, when and where?

I'll start:

Flying to Chicago on 10 Sept and driving up to my Mum in Wisconsin,
driving to Ontario, Canada on 11 Sept, staying for a weeks fishing. Second week staying at the farm and shopping and generally lazing around, probably more fishing too.

sabretoothtigger

I am hoping that it rises to $1.85

So you only want about a gain of a cent per pound every day in the next month :laugh: Yesterday was a big day and it gained over a cent but thats fairly rare, it could happen every day on average but the chances I think are similar to flipping a coin for 10 tails

The recent rise is exceptional, for various reasons it can continue but it is still quite rare and therefore unlikely to continue at the same pace.

neilbond007

cindiedunkley wrote: »

I am hoping that it rises to $1.85 by the time I have to buy my currency. I figure if I use Thomas Cook I will get $1.80. I have looked at Travelex but have to make sure my bank won't levy a charge and wipeout any gains.

This is all wishful thinking but nail biting nonetheless (need to get out more I think);)

Can I have a pint of what you've been drinking?

If it gets to $1.85 I'll personally pay for not only your holiday but $10,000 / day spending money.

If i was you I'd change 1/2 the money now. Today. It's rose quickly so is bound to drop back shortly.

PS - I'm going to Cleveland to watch the PGA tour on Friday (stopping over 2 nights). Then am going to Phoenix / Palm Springs at the start of September for 8 nights