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GBP V USD Exchange Rate
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worldtraveller
Posts: 14,013 Forumite
The GBP V USD exchange rate dropped below USD1.20 = £1.00 this morning.
Could we actually be heading for parity soon?
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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Now currently just below USD1.19, which I believe is its lowest against the dollar since 1985.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
What's driving the $ upwards? Flight to safety?0
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Pretty much! GBP recently dropped to a daily low of USD1.1757, but has recovered a bit. The Relative Strength Index is well below 30, indicating extreme oversold conditions, but abnormal conditions mean it could continue lower I guess!Thrugelmir said:What's driving the $ upwards? Flight to safety?
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Currently we're at a low of USD1.1448 today, but the rate has recovered slightly to current USD1.1590, but still, basically, GBP has tanked, down over 4% in one day, one of the biggest one-day drops on record!
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Buy quality UK companies with overseas earnings.0
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Not just the USD. 1 GBP is currently < €1.07.
Also well down against the Yen - less than ¥123
Not sure why the £ is taking such a hammering.
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Someone had suggested it was a reaction to our budget speech but that doesn't seem to fit.1
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$ is the default global currency in dire times.0
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