theDIBB - View Single Post - Sterling forecast to fall to parity against the dollar

Nimbus · 17 Jul 19, 04:19 PM

Originally Posted by tapley

Remember the BBC and the Bank of England have been harbingers of doom ever since the referendum campaign.

Perhaps you would prefer to read the same news on the Bloomberg, ForeLive, Telegraph, Guardian websites instead:

bloomberg/news/artic...no-deal-brexit
forexlive/news/!/the...rexit-20190717
telegraph/business...nflation-data/
theguardian/business...-business-live

Note that the quote is from Morgan Stanley, not the BBC nor the Bank of England. However, they do use the word "could" not "will" - as does the original post. They say, "Should [a harder Brexit] materialize, pound-dollar could fall into the $1.00-$1.10 range.�

Originally Posted by 400ixl

That rate isn't quite correct. The Mastercard rate is 1.251692 and high street rate is 1.2336.

As the OP and article say, it's the tourist rate offered by the Post Office. See here:

postoffice/travel-...-exchange-rate

Looking at the tourist dollar rates shown here on the DIBB, most of them are around the $1.215 (ish) range.