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

FEvans

Good news for sterling - the USA has just announced that its growth has gone into the negative for this quarter- ie their newspapers are calling it a recession.

this coupled with the cut of interest rates is going to effect the worth of the dollar.

i also expect the pound to go up to over 1.70 in the next few days at least for a bit before it drops when the uk lower its rates

phatbear

all the best

the bear

richardw

How much does it matter?

Baz_2

FEvans wrote: »

Good news for sterling - the USA has just announced that its growth has gone into the negative for this quarter- ie their newspapers are calling it a recession.

this coupled with the cut of interest rates is going to effect the worth of the dollar.

i also expect the pound to go up to over 1.70 in the next few days at least for a bit before it drops when the uk lower its rates

Thats the thing about markets, that information is already predicted and factored in to the rate. When the figures are actually released or the rates actually cut, the market will probably not even flinch unless the rates or cuts are different than expected.

Its the unexpected that will effect the rates not the expected. Which is why it is impossible to predict.

kittykat23uk

hi,

looks like it has dipped slightly this PM. I had ordered from Travelex yesterday, to pick up at airport, at 1.52 price matched to 1.56. But after speaking to them today decided to cancel the order and resubmit it today to get the better rate 1.61 (matched to TEG morning rate of 1.625). Its now down to 1.61 at TEG. Only downside is now it will take a few days to refund my original amount but thankfully I can cover that in the short term. Still carp compared to what i could have got If I'd have ordered at the same time as my Pulas or earlier but you live and learn and at least is not as bad as last weeks rates!! :rolleyes:

bitgiggy

Hey Everyone

I'm looking at opening a flex account to go to Vegas with in December, however I notice that when signing up you have to agree that this is your main account and salary will be paid in here monthly. I'm reluctant to do this and I notice Martin says that the 'financially savvy' can get around this by just preloading the account before they travel.

Can anyone provide any help how I would go about doing this, if it is possible of course.

Thanks

FEvans

when i opended mine there was no obligation to pay in any set sum per month.

as you sure that its part of their terms and conditions that you have to pay your salary in every month

steveo3002

we dont pay wages into our flex account , it just sits there and we load it before a holiday

Baz_2

I didn't have to agree to pay in my salary etc when they opened mine last year.

FEvans

after much soul searching decided to buy half of my dollars from crown currency at 1.64 for delivery December 2nd 2008.

that rate has now gone but as i had saved it to my account it went through at that rate.

just hope they dont go bust in the next 4 weeks