US ($) Currency Thread 1 (closed - use thread 2)

jackieblack

izzybusy23 wrote: »

Has anybody bought their dollars actually in the US? I have a stopover in Newark and they have a Travelex Bureau there. I emailed them and they have said all I need to show is my passport.. I have looked on the Travelex site today and they are currently exchanging USD to GBP at 1.57...

Pro's and Con's of this? Ideally I would like to change up £500 before we go so we have some dollars to hand, then change up £1000 in the US.

I've also wondered about this... what does anyone think?

johna999

izzybusy23 wrote: »

Has anybody bought their dollars actually in the US? I have a stopover in Newark and they have a Travelex Bureau there. I emailed them and they have said all I need to show is my passport.. I have looked on the Travelex site today and they are currently exchanging USD to GBP at 1.57...

Pro's and Con's of this? Ideally I would like to change up £500 before we go so we have some dollars to hand, then change up £1000 in the US.

Are you sure that was the rate for buying dollars. I had a loom on the ~USA travelex site and the conversion was the other way ie you had to spend $1.57 dollars to get £1. Not £1 buys $1.57. For converting £ into $ you had to send away for it

http://www.travelex.com/us/personal/SU_yourcurrency.asp?content=su

I suspect the rate for buying dollars in america with pounds would be worse as the banks wont want sterling, it would be the same here buying pounds with dollars on your return

inspector_monkfish

good morning

starting the day down around the 1.4325 level in early morning trade

support on the downside at 1.4315, then 1.4267
and on the upside at 1.4440, then 1.4456


BOE been tipped by a US Bank to slash rates to 0.25pct next meeting on March 5th, and also begin quantative easing

inspector_monkfish

no GBP figures out today

1.30pm US figures
Initial Claims
Jobless Claims
Retail Sales (ex-autos)
Retail Sales

inspector_monkfish

Cable gone crashing through the first support level of 1.4315

now trading at 1.4275, and eying the next support at 1.4267

it ain't pretty out there today!

inspector_monkfish

The Pound is being pummelled here - and I can't find any fresjh reason, or news as to why...

ay 7.15 this morning it was at 1.4400
now, at 8.30 its been smashed down to 1.4250

next support lines are 1.4243, then 1.4210, then 1.4155,

dealsearcher

As I said in the euro thread maybe we have returned to international sterling bashing. Mr. King's information yesterday indicated possible further drastic action in March and he mentioned that one of the things coming from low interest rates was a lower sterling. This seemed to be an open invitation for the markets to knock sterling.

inspector_monkfish

currently trading 1.4180

Gordon Brown currently being grilled on his (bad) handling of the current economic climate (on Sky News)

inspector_monkfish

trading 1.4210

Caligirl_3

With the spectre of quantitative easing in the UK looming ever nearer, what will this mean for the pound v the dollar, considering America has already begun this process?

Is it likely the pound will dip further against the dollar or will the fact that the US are doing it make little difference?

What I'm trying to ask, and I'm hoping Inspector Monkfish can advise, is do you still think the pound will get back up to 1.50/1.60?

Or do you think that the effects of quantitative easing will be a lot worse here than in the States?