US ($) Currency Thread 2

photome

neilbond007 wrote: »

Makes pretty alarming reading....

http://www.forecasts.org/pound.htm
http://www.marketvector.com/exchange-rate/pound.htm

Saying that, they are both woefully off for the August 2011 figure

That bottom link doesnt make good reading:eek:

newish2this

neilbond007 wrote: »

Makes pretty alarming reading....

http://www.forecasts.org/pound.htm
http://www.marketvector.com/exchange-rate/pound.htm

Saying that, they are both woefully off for the August 2011 figure

Oh dear:eek:
Glad I'm not planning a trip to the US any time soon then!

neilbond007

Rate has jumped up 2c today. Currently trading @ 1.6567!

sabretoothtigger

Great few days for Cable. Its recovered much of its lost strength instead of the further failure many expected . I'd say its close to topping out now

If it were to continue to strength it would be regaining its positive trend since the election but normally I would not expect that to occur without doubts and hesitation first.
Much like falling over a cliff and managing to hold on and climb back, its a bit tired now surely

neilbond007

Following on from the slightly depressing reading of a couple of days ago, here's something a little more positive!

http://www.dailyfx.com/forex/fundamental/forecast/monthly/gbp-usd/2011/08/18/GBPUSD_British_Pound_US_Dollar_Exchange_Rate_Forecast.html

The GBPUSD continues to hold up well as price is nearing its May (and 2011) high of 16751. A break above is expected as the decline from the level is corrective (3 waves). Keep an eye on the slightly upward sloping channel (from late 2010). Exceeding the top of that channel would indicate that price is accelerating higher towards the 2010 high of 17041. The bullish outlook is favored as long as price is above 15780 (16114 ideally holds).

sabretoothtigger

Big company buyout helps UK money

Ashraf_Laidi wrote:

$11BILLION of HP's going to UK's Autonomy boosts £-bound money flows . Remember Hershey & Kraft propping GBP #forex

Its back to a ceiling like weds high

Torndao01

Hello Everyone

I am looking to exchange £4000 into dollars. Ive been reading the site on exchange companies and its a mindfield.

I have the cash but was looking at the postal exchange companies, but Im concerned as there is no cover in case the company goes bust. (cant use credit cards with most). Then if you do use credit cards they charge 2% to do it! Debit card no cover, so cash in the shop seems the safest. We dont live near London, so limited on companies that can exchange.

Have I missed something or have I got it right? Im fine with using a high street company but was just wondering if Id missed a trick. If anyone has any tips, all welcome.

Regards
Jo

xycom1

scottishminnie wrote: »

You should be able to send a US $ transfer from your sterling account elsewhere. Your sterling bank will make the conversion charges but from memory you can opt to pay all the charges at the sterling end so you know that if you request a $5000 transfer then it would be $5000 which arrived in your Citibank account.
I can't remember what BoS charges but RBS are a £20 fee no matter what the amount is on a Royworld Economy transfer although you would have a little more to pay on the receiving bank charges but still to RBS if that makes sense


I will need to work out the costs however was thinking if there is no charge for debit card transactions in the US and no charge for cash withdrawals at certain ATM's then it may work out cheaper (and safer) than carrying cash and using my UK credit card.

I'll go on to their website and see if they can send me some info - I'm a dinosaur and prefer to read the small print on paper:)

No, set up a normal bank transfer to the Citibank account from your UK sterling account (the Citibank a/c will have a UK sortcode and account number) and when you transfer your sterling, Citibank will convert it into USD at the rate applicable when it credits the account (HSBC --> Citibank doesn't go as faster payment, takes about 3-4 days). I created a log over a couple of months and made regular transfers - the rate that Citibank credited me was always a small amount above the best rate that I could achieve using Martin's Travelmoneymax comparison website.

sabretoothtigger

Sterling Index At 1300 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      79.1       1.5796      0.8727 
               OPEN      79.1       1.5725      0.8705 
              10 AM      79.3       1.5735      0.8680 
               NOON      79.3       1.5733      0.8684 
               2 PM      79.2       1.5688      0.8691 
               4 PM 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

September 19, 2011 09:00 ET (13:00 GMT)

Nasty set of falls recently after it topped out it swung all the way down in typical erratic fashion

1.564 is 50% of the elections 09-10 fall, could be a place it stays above and recovers

jackieblack

:wave:
Having had a couple of months off from watching the exchange rate, we've now booked another trip (for next summer) so I'm back watching the roller coaster that is the USD exchange rate again!