Exchange Rate

[Moorlandman]

Originally Posted by fl-veteran

It's been as high as 1.2124 and as low as 1.1899 today.

At the end of the day, on a couple of thousand pounds a couple of extra cents to the pound only makes $40 difference.

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It was $1.43 earlier in the year so a much greater difference - 15%

[Moorlandman]

Originally Posted by scouse_minx

Thank you for a detailed explanation. As I say I know nothing of these things but this helps me understand. So is it that the £ is not weak but the $ is very strong right now?

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The dollar is strong and the pound is weak. The pound has never fully recovered since the vote in 2016. Pre 2016 the average rate was $1.55

[IBEX23]

Originally Posted by Moorlandman

The dollar is strong and the pound is weak. The pound has never fully recovered since the vote in 2016. Pre 2016 the average rate was $1.55

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Is there anything that would boost the weak pound in the coming months?

[Moorlandman]

Originally Posted by scouse_minx

Is there anything that would boost the weak pound in the coming months?

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The UK is a bad way and the chancellor has just resigned!

[katiec68]

Originally Posted by Moorlandman

The UK is a bad way and the chancellor has just resigned!

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I think you mean the health secretary?

My apologies- I had only seen that Javid had gone!




But for the OP - signs that the UKs economy is doing well and is thought to be a good place to invest - thats what makes a currently worthwhile.

All the time we have these idiots in charge not a chance of anyone thinking our economy is worth it!

[IBEX23]

Originally Posted by Moorlandman

The UK is a bad way and the chancellor has just resigned!

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Got it… so more lower dollar rates to come 😢

[IBEX23]

Originally Posted by katiec68

I think you mean the health secretary?

My apologies- I had only seen that Javid had gone!




But for the OP - signs that the UKs economy is doing well and is thought to be a good place to invest - thats what makes a currently worthwhile.

All the time we have these idiots in charge not a chance of anyone thinking our economy is worth it!

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It could be some time before any of that changes I guess. I think I’m just so surprised at the such a drop… I went earlier in the year and the exchange rate was much more. I’ll have to stop looking for a while

[RescueRangers]

When we booked it was $1.39. Who feels stupid not buying a few K in Dollars or a gift card.

[katiec68]

Originally Posted by scouse_minx

It could be some time before any of that changes I guess. I think I’m just so surprised at the such a drop… I went earlier in the year and the exchange rate was much more. I’ll have to stop looking for a while

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We have cancelled our October USA trip - it was getting fay out of hand expensive.

We were going to see our grandson for the first time but they are coming over here in August - they booked after us so we will hang on and go next year instead - probably just for a long weekend.

Our USA trip was costing £5500 plus spends at 1.31 - so at 1.25 it was getting ridiculous - we have booked to go to Thailand instead - 12 nights for £3500 in 5* hotels.

As much as we love the USA its out of our price range at the moment!

[Gelatoni]

Originally Posted by Moorlandman

The UK is a bad way and the chancellor has just resigned!

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Well, if there was any uncertainty if it would drop further, at least there isn't anymore 😂