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Pound Vs Dollar

MiraculousM
MiraculousM Posts: 323 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Flights, currency & car hire
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?

Comments

  • EssexExile
    EssexExile Posts: 6,549 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Yes there is a slight chance.
    Tall, dark & handsome. Well two out of three ain't bad.
  • Moto2
    Moto2 Posts: 2,206 Forumite
    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
    Change is inevitable, except from a vending machine.
  • MiraculousM
    MiraculousM Posts: 323 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    1.29 to the pound is terrible. When i went it was 1.6 dollars to the pound.
  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 1 September 2016 at 10:34AM
    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.
    Evolution, not revolution
  • Moto2
    Moto2 Posts: 2,206 Forumite
    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 :)
    Change is inevitable, except from a vending machine.
  • Voyager2002
    Voyager2002 Posts: 16,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
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