View Full Version : £1 Pound=$1.95 Dollar (Now $1.35 Jan 23)
still creeping up :) 1.44 at the moment, euro going the right way too 1.12
Born2Bwild
30-01-2009, 15:15
The US-UK exchange rate has been improving at the rate of a penny a day this past few days.
basegreen
30-01-2009, 20:18
Posted :)
Cheers!
EURO and USD keeps increasing...keep it up :D
thomasc1982
06-02-2009, 08:26
Now $1.47 and E1.145
Moving in the right direction still... Notice the press (ie the Daily Mail) leap to the new when it falls at all...but it rallies back and not a mention.
was doing well yesterday but its back down again today at 1.437
Yeah, seems weird that it gets weaker despite the very poor reception to the US stimulous package by wall street.
Grr, I just want it to get to at least 1.5 or 1.6. It seems every time we make some progress on it, it suddenly drops massively.
basegreen
15-02-2009, 09:46
cos it's being played, just like the metal/commodity market was, then oil futures, share shorts now currency.
it'll be back to a slightly better level once they move on IMO
The stimulus package is broadly speaking a type of quantitative easing, yet it doesn't seem to be held against the dollar. Suggests some other factors are involved.
I'm guessing we are likely to see an unhealthy dive tomorrow following more banking turmoil?
...please say 'no', please say 'no', please say 'no'!
(I have 3 transactions that are still going through from Thursday!) :D
basegreen
15-02-2009, 11:43
Most of the banking turmoil is what drove the rate down again this week. I'd say some of it is already baked in. Saying that though, with the market as it is right now, virtually noone can predict it.
you're right basegreen - can't' remember what is was on Friday, but there's not been a horrendous amount of movement :)
Could be an interesting day - down to 1.41 today - there is talk of some MAJOR $ buying going on in the Asia region last night linked to worries that things could fall over in central europe this week
quite depressing today :( currently 1.40
is it now the lowest it's been in recent years? (1.398)
Tastydirt
02-03-2009, 16:01
I think it fell below that a month or so ago, but not by much.
looks like 1.3768 was the low back on Jan 23rd
Where's the best place to sell dollars? Travellex have just quoted me $1.56/£1 despite the rate being more like $1.37, the mark up seems steep.
That is typical. You could try your bank to see what their rate is. The fees will be higher so depends on the amount you want to sell.
Apparantly you can pay dollars into your account, but it takes weeks and isn't cheap. I might try the post office, looking at getting rid of $1,000.
Fatbloke
04-03-2009, 12:19
Find someone nearby looking for dollars - then just swap at the mid rate, everyone wins :D
Actually - just noticed your location. Drop me a PM with your location as I know someone looking for dollars soon.
So if they start printing money from today do we expect the pound to just tank?
farmroad38
05-03-2009, 10:45
Not sure about exchange rates, but doesn't look like the stock market is too chuffed with the idea, as all of yesterday's gains have already been wiped out. Be interesting to see what happens when the announcement is made.
rezabelady
05-03-2009, 18:14
Not sure about exchange rates, but doesn't look like the stock market is too chuffed with the idea, as all of yesterday's gains have already been wiped out. Be interesting to see what happens when the announcement is made.
Let's face it.. the markets were probably going to dive no matter what they announced.
Pound is taking a bit of a battering this morning after the Lloyds bailout at the weekend. Will be interesting to see what happens when the US markets open
Well recovered a little at the end of the day to end in the $1.38 region.
My god, its really grim isn't it? Will it make any difference when the FED actually start pumping money into the American economy? I'd be sooo happy to get $1.50 for my Orlando trip in August, but I'll still have a great time regardless, just have to do less shopping (suits me, not the wife though!).
down to 1.374....
how long before it's near enough 'evens'? (like the Euro... £1 ~ $1) :D
I doubt it will get to $1:£1 but do see it remaining around the $1.40-$1.50 range for a while
Born2Bwild
14-03-2009, 07:00
I doubt it will get to $1:£1 but do see it remaining around the $1.40-$1.50 range for a while
I think its more likely to go to $1.30 or maybe even less.
While the US economy is in the toilet, it looks like the UK and the rest of Europe is doing worse. I also think the US will lead the way out of the recession which means the currency will shift lower.
There has been some positive signs in the US. Some of the automakers are not needing bailout money this month, 2 banks have reported profitability for 2009 (so far).
All IMHO of course.
icklesimba
14-03-2009, 10:33
Well I am off to USA shortly so if anyone wants to sell any spare dollars at a better rate than they will get from the banks let me know :)
Is it me or has there been a jump of 5 pence per $ in the last 24 hours?
I don't understand this, but the Euro is still the same, so does that mean the £ hasn't changed but more the USD is weaker?
farmroad38
19-03-2009, 12:53
Is it me or has there been a jump of 5 pence per $ in the last 24 hours?
I don't understand this, but the Euro is still the same, so does that mean the £ hasn't changed but more the USD is weaker?
http://news.bbc.co.uk/1/hi/business/7952319.stm
The Fed has announced some measures today that have caused the dollar to drop against all currencies.
Yeah, pumping over a trillion dollars in will have that effect!
Born2Bwild
19-03-2009, 15:19
Im sure glad my shipment is late. I was about to send £20k to someone and have it converted in $. Thats $1400 more i will get this week than last week. I just hope it does not drop between now and when i have to wire the money.
farmroad38
05-05-2009, 09:35
$1.51 this morning.
I know - mad innit? The FTSE is also up loads this morning (on top of lots of rises last week). I don't understand why - I don't see any huge improvement in the economy, but the markets seem to be happy about something.
Not complaining, mind - all of my shares have gone up nicely :)
I know - mad innit? The FTSE is also up loads this morning (on top of lots of rises last week). I don't understand why - I don't see any huge improvement in the economy, but the markets seem to be happy about something.
Not complaining, mind - all of my shares have gone up nicely :)
Maybe it needs to suck back some of that cash that was taken out last year and put into fixed-rate bonds ?
Maybe just that they are catching up on yesterdays trading that did not happen?
Not sure why the pound has risen so much though, sounds about right though as I think my next pay deal will be in US$ :|
1.6 at the moment :)
hope it keeps creeping up.
I don't really, I just got my new pay deal in USD$ :|
mikegray
27-05-2009, 11:32
1.6 at the moment :)
hope it keeps creeping up.
Me too, I have to buy some on Saturday before I go to Alaska, and it'll be nice to be able to import a few CDs from the US again!
GoblinUK
27-05-2009, 13:03
Yeah off to the States in September so quite pleased. Can't see it going above 1.7 but cant see it heading south again at the moment.
September for me too :clap:
Can anybody tell me, in laymans terms, why it is creeping up?
farmroad38
27-05-2009, 14:15
According to the BBC, it is because "fears over the UK economy ease". But that's a load of old tosh - we're on the verge of being downgraded by Moody's and S&P, and if things are so rosy for Sterling, why haven't we had corresponding large, sustained rises against the Euro, Yen etc?
Could be any number of reasons - including US economy still gloomy and the possibility of interest rate rises here (which could be linked to the Moody's/S&P news).
...and the possibility of interest rate rises here (which could be linked to the Moody's/S&P news).
That is the most likely in my eyes. With our very low interest rates we still could see inflation which will push up interest rates and that is good for the currency as people can earn more interest from their investments so they buy the £
Me too, I have to buy some on Saturday before I go to Alaska, and it'll be nice to be able to import a few CDs from the US again!
where are you going in Alaska? We are off there on a cruise on 11 June:clap: Went there 10 years ago on a business trip and wanted to take the wife there ever since.
rezabelady
27-05-2009, 17:15
if things are so rosy for Sterling, why haven't we had corresponding large, sustained rises against the Euro, Yen etc?
It has been slowly rising against the Yen also.. was hanging around 135 until about 8 weeks ago but had risen to about 145 when I was there at the start of the month and has gone from 150 to currently just under 153 in the last 3 days.
mikegray
27-05-2009, 17:53
where are you going in Alaska? We are off there on a cruise on 11 June:clap: Went there 10 years ago on a business trip and wanted to take the wife there ever since.
We're going to Vancouver for a few days, then going on a cruise, the inside passage - so Skagway, Juneau etc... - really looking forward to it, never been before.
We're going to Vancouver for a few days, then going on a cruise, the inside passage - so Skagway, Juneau etc... - really looking forward to it, never been before.
Only one word describes it-STUNNING!!! Make sure you take plenty of photos and try out the fishing:thumbs:
Can anybody tell me, in laymans terms, why it is creeping up?
This has just been discussed on News24. Apparently, the weakening dollar is a result of fears that it will cost the US a lot to raise the cash it needs.
This has just been discussed on News24. Apparently, the weakening dollar is a result of fears that it will cost the US a lot to raise the cash it needs.
Heading for Florida in September so long may it continue.
Now at 1.62! Nice, if this keeps up i will be able to start using the US Ebay again :thumbs:
mikegray
01-06-2009, 14:25
Now at 1.62! Nice, if this keeps up i will be able to start using the US Ebay again :thumbs:
$1.64 you mean. I'll be back to buying my albums signed at Newbury Comics for a tenner again at this rate. :thumbs:
marcburrage82
03-06-2009, 12:32
$1.66 now. Another cent and the amount of $USD we can import without getting stung (£18) will be back over $30 :)
just got some $ actual rate 1.626 which i thought was alright.
Just need the euro to fall a bit as that still sucks big time although has improved a bit too.
GoblinUK
03-06-2009, 16:46
Stick or twist, stick or twist. Im off in September but I think I might pick some up now.
pound has slipped 2 cents today:(
now 3 cents down!!!!
GoblinUK
04-06-2009, 08:49
Well its on the up after yesterday's major drop-off. I think if it hits 1.7 in the next few weeks ill buy now.
If it follows previous trends then this is a 'dead cat bounce'
I would be tempted to buy a few @ 1.65
http://img195.imageshack.us/img195/3280/gbpusd190509.png
That chart is using 1985 as a comparison, but ignoring similar falls in 76 and 93 which show very different trends. Quite a stretch to call that a trend.
I had to double take when I saw $2.50 on there.
falling again! now sitting at $1.61:(
Randal_Graves
04-06-2009, 12:38
13:06 04Jun09 GBP/USD: Collapsed on Brown Resignation Rumour
[12:06 GBP/USD: Collapsed on Brown Resignation Rumour] London, June 4.
A rumour that UK PM Gordon Brown had resigned is being blamed for cable"s two-and-three quarter cent collapse to an intra-week low of 1.6082 in a matter of minutes. Pressure on Brown has ramped up over recent days. There are English council and European elections today.
Randal_Graves
04-06-2009, 12:39
13:12 04Jun09 EUROPE: Rumours of Brown's resignation "absolute nonsense" - office
12:10 GMT - [PM BROWN'S] office have said that rumours of his resignation are "absolute nonsense", seeing Cable off the lows and back up to 1.6230. The jumpy moves are clearly a sign of a nervous market, however some suggest that ultimately, it will be better for the Pound to see Alan Johnson as party leader.
rbullivant
04-06-2009, 12:41
Don't really think you can look at daily trends on exchange rates to get an accurate picture, its bound to fluctuate but looks like it is generally going up. Am going to Orlando in Jan and need it to go up a bit, that being said all the times I went to America the rate has always been between 1.4 and 1.6, so the current rates are about right. $2 was just abnormally high
R
13:12 04Jun09 EUROPE: Rumours of Brown's resignation "absolute nonsense" - office
12:10 GMT - [PM BROWN'S] office have said that rumours of his resignation are "absolute nonsense", seeing Cable off the lows and back up to 1.6230. The jumpy moves are clearly a sign of a nervous market, however some suggest that ultimately, it will be better for the Pound to see Alan Johnson as party leader.
get him in now!!!!
GoblinUK
04-06-2009, 12:57
13:12 04Jun09 EUROPE: Rumours of Brown's resignation "absolute nonsense" - office
12:10 GMT - [PM BROWN'S] office have said that rumours of his resignation are "absolute nonsense", seeing Cable off the lows and back up to 1.6230. The jumpy moves are clearly a sign of a nervous market, however some suggest that ultimately, it will be better for the Pound to see Alan Johnson as party leader.
Where are you getting these updates from?
Randal_Graves
04-06-2009, 15:24
Stolen from the Money Saving Expert currency thread.
$1.60 slipping and sliding!!!
If the Cabinet hadn't made a bid to oust Go-Bro last week, would we be seeing the £ in the $1.70s today ? Buyers didn't seem to like the thought of it.
Born2Bwild
11-06-2009, 03:04
$1.64 right now
rbullivant
11-06-2009, 07:36
When do we think it is going to peak? Looking to go in December to Orlando and although the hotel is a relatively minor expenditure I feel it might be worth getting some currency.
R
Born2Bwild
11-06-2009, 10:07
Personally, i think it may hit $1.68 before slipping back to maybe $1.55-$1.58. My predictions have been pretty good so far on the currency.
The things i think that will affect the currency are:
- US bailout money is getting paid back which will lower the deficit and restore confidence that things are better and the US recession is over
- UK policitcal situation.
So, when the currency moves will depend on the above (as well as other world events).
When do we think it is going to peak? Looking to go in December to Orlando and although the hotel is a relatively minor expenditure I feel it might be worth getting some currency.
R
Get half now and half later?
Up to $1.65 today, think I'll go and get some dollars.
Be interesting to see if it reaches $1.70 this week, experts were predicting it would settle around $1.65 (which is what it has done, really).
j to tha l-o
03-08-2009, 13:59
It will go beyond $1.70 this week I am very confident. Expected economic data in the US is going to result in a further flight from the perceived safety of the toilet paper dollar. Data in the UK looks good today, and if the BOE acts as expected in regards to QE then the pound is going to touch $1.80 sooner than later.
It looks like it's going to go break the $1.70 barrier any minute... been creeping up all day.
It will go beyond $1.70 this week I am very confident. Expected economic data in the US is going to result in a further flight from the perceived safety of the toilet paper dollar. Data in the UK looks good today, and if the BOE acts as expected in regards to QE then the pound is going to touch $1.80 sooner than later.
This would be great for me as I have a wedding to pay for in the USA later this month
Finally the mythical 1.70 has been breached, at least temporarily. Now for 1.80... (fingers crossed)
Grandmaster
05-08-2009, 11:51
These banking profits from Barclays then... how much of them are being made from supplying the loans to the UK government for, um, bailing out the banks?
Well hopefully, just like the banks would, the public coffer is making a healthy return on its investment.
The BoE feels it needs to pump another 50b into the economy so that will knock a few points off the £.
The BoE feels it needs to pump another 50b into the economy so that will knock a few points off the £.
Hmm as of today back to 1.65075
Hmm, going to the USA next month and was going to get some $ when it hit $1.70 a few weeks ago - regret that now! Still, looks quite stable - between $1.63-1.66 ish for the last couple of weeks.
I really don't know anything about this stuff, but I'm heading to the US in October and I'm slightly alarmed that Mervyn King actually wanted to introduce MORE cash into the system via quantative easing. Presumably if the BoE go ahead and do it next month the £ will take a further hit?
From Bloomberg but many think it will float around the current level for a while longer
“The fundamentals in the U.K. are certainly not pretty,” said John Taylor, who oversees $9.5 billion as chief executive officer of FX Concepts LLC, a New York hedge fund. “It’s a race for the least ugly of the candidates, and I would argue that the U.S. is going to be the least ugly for a while.”
The pound is likely to strengthen no more than 5 cents before “getting crushed” in September, October and November to as low as $1.45, Taylor said
Born2Bwild
23-08-2009, 11:52
Businesses must be having such a hard time planning ahead with all this movement. It would be nice it would would at leasr stay within a reasonable range. I don't know if i should be buying from the UK or selling to the UK.
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