Sterling rate

woomeister · 11 Oct 19, 05:12 PM

I'm a forex trader and just a heads up for those that don't know: the Ł has risen nearly 4% since yesterday on the back of Boris and Leo's meeting. Today there have been more high level talks. It's looking like the EU may well agree to a deal put on the table by Boris. Yesterday you could buy $1210 for Ł1000 right now you can get $1230 for Ł1000. If Barnier or Tusk come out and vocalise that a deal looks possible then i would expect $1280 for Ł1000 by Monday.

The cost of my attraction tickets (which I check daily) have also dropped from Ł2765 to Ł2700 now.

Radcliffe · 11 Oct 19, 05:40 PM

Thanks for the information 😎😎

Dinglebert · 11 Oct 19, 06:42 PM

Odd in that people were denying the whole brexit thing had caused the pound to fall. Now there is a chance there may be light at the end of the tunnel the pound rises.

woomeister · 11 Oct 19, 07:11 PM

People that don't know anything about forex say a lot of things. The bigger currency in the exchange is the USD and if that's booming then the Ł will fall. Uncertainty causes most fluctuation. Brexit didn't cause it to fall, uncertainty did.

cybermum · 12 Oct 19, 02:09 PM

Brexit and uncertainty did cause it to fall.

mental4ever · 12 Oct 19, 02:11 PM

Yeh. Noticed an increase yesterday so grabbed a few $$$$. Would not take a chance on increasing again from Monday.

katiec68 · 12 Oct 19, 02:41 PM

Originally Posted by woomeister

People that don't know anything about forex say a lot of things. The bigger currency in the exchange is the USD and if that's booming then the Ł will fall. Uncertainty causes most fluctuation. Brexit didn't cause it to fall, uncertainty did.

If Brexit doesn't equal uncertainty I don't know what would 🤔