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Old 5 Jul 22, 06:04 PM  
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#21
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Originally Posted by fl-veteran View Post
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.
It was $1.43 earlier in the year so a much greater difference - 15%
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Old 5 Jul 22, 06:07 PM  
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Originally Posted by scouse_minx View Post
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?
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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Old 5 Jul 22, 06:10 PM  
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Originally Posted by Moorlandman View Post
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
Is there anything that would boost the weak pound in the coming months?
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Old 5 Jul 22, 06:16 PM  
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Originally Posted by scouse_minx View Post
Is there anything that would boost the weak pound in the coming months?
The UK is a bad way and the chancellor has just resigned!
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Old 5 Jul 22, 06:19 PM  
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Originally Posted by Moorlandman View Post
The UK is a bad way and the chancellor has just resigned!
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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Old 5 Jul 22, 06:19 PM  
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Originally Posted by Moorlandman View Post
The UK is a bad way and the chancellor has just resigned!
Got itÖ so more lower dollar rates to come 😢
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Old 5 Jul 22, 06:20 PM  
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Originally Posted by katiec68 View Post
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!
It could be some time before any of that changes I guess. I think Iím just so surprised at the such a dropÖ I went earlier in the year and the exchange rate was much more. Iíll have to stop looking for a while
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Old 5 Jul 22, 06:33 PM  
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When we booked it was $1.39. Who feels stupid not buying a few K in Dollars or a gift card.
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Old 5 Jul 22, 06:34 PM  
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Originally Posted by scouse_minx View Post
It could be some time before any of that changes I guess. I think Iím just so surprised at the such a dropÖ I went earlier in the year and the exchange rate was much more. Iíll have to stop looking for a while
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!
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Old 5 Jul 22, 06:35 PM  
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Originally Posted by Moorlandman View Post
The UK is a bad way and the chancellor has just resigned!
Well, if there was any uncertainty if it would drop further, at least there isn't anymore 😂
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