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dollars

hi dont know if ive done this rite for some reason this site confuses me every time some may say it doesnt take much!!! anyway to my question we are off to america in september a couple of people have said i should be buying dollars now as the exchange rate is going to go down anyone any info or advice ? thankyou

Comments

  • hammy_the_hammer
    hammy_the_hammer Posts: 1,824 Forumite
    the people who are advising you must be extremely rich ....if they can predict what is going to happen to currencies they should be working in the city.
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    the people who are advising you must be extremely rich ....if they can predict what is going to happen to currencies they should be working in the city.

    Agree - If we new that we'd all be trading in currency futures!

    If you want to play it safe, why not buy half now and the other half nearer the time?

    One of the reasons the £ is doing so well at the moment (against $ and EUR) is because the "markets" have priced in an Increase in UK Interest rates before the end of the year!
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