US ($) Currency Thread 2

sabretoothtigger

I guess we didnt step back from the brink. Not sure why Dollar is so much more popular then us but its possible alot of Yen is going to USA, their new PM is trying to force their rate down

I was looking for a bit of hesitation here as its fallen to the inverse of the New years price strength.
Above 1.535 and it will have recovered the 2012 low, until it properly sits above that Im not optimistic on Sterling strength


http://www.ashraflaidi.com/forex-news/why-gbp-is-far-from-oversold

jackieblack

I'm resigned to the poor rate for our trip at Easter now :wall: :(:(:(:(:(:(:(:(:(:(:(

Hoping for an upturn before the end of the year, to rescue our Christmas trip :cool:

marc7

hi guys wondering if u can help i fly out to the us in next couple of weeks n wished i had found time to go get my dollars a few weeks ago when it was around 1.56
need advise is it gonna be going back up within the next few weeks or shud i bite the bullit and go buy today to save losing out to an even worse rate

thanks in advance

marc

sonicmouse

marc7 wrote: »

hi guys wondering if u can help i fly out to the us in next couple of weeks n wished i had found time to go get my dollars a few weeks ago when it was around 1.56
need advise is it gonna be going back up within the next few weeks or shud i bite the bullit and go buy today to save losing out to an even worse rate

thanks in advance

marc

Hi Marc,

I am in the same boat as you. I am going away to NY in the next few weeks, and for whatever reason I hesistated when the dollar was 1.56. I didn't think it would drop as drastically as it has, and it's made a HUGE difference to our holiday fund now. If we got our dollars at 1.56 we'd be $250 better off than the current rate!!

I think it's probably going to drop even further so Im going to bite the bullet and buy them now before it gets worse..

marc7

sonicmouse wrote: »

Hi Marc,

I am in the same boat as you. I am going away to NY in the next few weeks, and for whatever reason I hesistated when the dollar was 1.56. I didn't think it would drop as drastically as it has, and it's made a HUGE difference to our holiday fund now. If we got our dollars at 1.56 we'd be $250 better off than the current rate!!

I think it's probably going to drop even further so Im going to bite the bullet and buy them now before it gets worse..

yh i was thinking that
i didnt get time with work to go get them lol sods law eh
i,ve found 1.481 today at ramsdens but a local travel agent reckons they will beat any quote so gonna try them later

sabretoothtigger

When it was at its worst in 2011 it was roughly in line with the price now same 2012. Thats the only clue, 2 weeks is probably not enough time for much to happen

Sterling Index At 1000 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
PREVIOUS CLOSE 79.4 1.5267 0.8621
OPEN 78.5 1.5139 0.8734
10 AM 78.5 1.5143 0.8742

February 25, 2013 05:05 ET (10:05 GMT)

sabretoothtigger

Looking at it now, really doesnt look well. Slinking down as if its consigned to its fate

I have a big gap now till 1.46 area. Gets pretty murky on the seabed So who knows, 1.52 and hold it to prove itself now I think

Cable should turn around some month because I really think USA has not yet trimuphed in its jobs problem.
For this rate to move much and in one direction it needs them to beat us, strength is not yet apparent more hope
Im not confident for them till they get rid of all that rubbish politics and windbag speeches while overspending, over legislating, etc but as the reserve currency maybe they dont have to do anything. We do, ball is our court now I guess

jackieblack

sabretoothtigger wrote: »

Looking at it now, really doesnt look well. Slinking down as if its consigned to its fate

I know how it feels

sonicmouse

This is not good at all not for me anyway! I was hoping to get a few hundred pound worth of dollars the day before we leave (Pay day!) and it seems to be getting worse.

Two weeks ago, $470 would of only cost me £300. I have a bad feeling that it will eventually keep on dropping and even reach 1.40.. :mad:

jackieblack

sonicmouse wrote: »

I have a bad feeling that it will eventually keep on dropping and even reach 1.40.. :mad:

But not until after mid April please

Then back up to $2.00 before Christmas please?
Pretty please? :D