Pound Vs Dollar

MiraculousM

I KNOW noone can predict exchange rates. But I am going across the atlantic at the end of Sept- the current exchange rates are terrible (THANKS BREXIT) and i was wondering with the presidential election looming there is there a slight chance that the dollar will drop?

EssexExile

Yes there is a slight chance.

Moto2

MiraculousM wrote: »

I KNOW noone can predict exchange rates. But I am going across the atlantic at the end of Sept- the current exchange rates are terrible (THANKS BREXIT) and i was wondering with the presidential election looming there is there a slight chance that the dollar will drop?

There really is no way of knowing, many a fx trader has made and lost a fortune trying to work out what will happen to rates.

BTW, the exchange rate is pretty good IMO

MiraculousM

1.29 to the pound is terrible. When i went it was 1.6 dollars to the pound.

eDicky

MiraculousM wrote: »

1.29 to the pound is terrible. When i went it was 1.6 dollars to the pound.

Right now it's 1.325, GBP strengthened this morning.

Comparing last year's rates is pointless.

Moto2

MiraculousM wrote: »

1.29 to the pound is terrible. When i went it was 1.6 dollars to the pound.

For you? maybe

Depends which side you want to look at it from

I sell into the US market and it's almost boom time, so I think it's quite a good rate right now, long may it remain

Voyager2002

MiraculousM wrote: »

I KNOW noone can predict exchange rates. But I am going across the atlantic at the end of Sept- the current exchange rates are terrible (THANKS BREXIT) and i was wondering with the presidential election looming there is there a slight chance that the dollar will drop?

Buy some dollars now, some then.

Even better, change your destination.