$ Vs £

[RB211]

The quid has taken a bit of a hammering from the dollar today, down 4 cents at the minute.

[Guest]

Oh no... hope it start to rise again soon! X.X

[Guest]

but today it was also at the highest it has been against the $ for many months

[JulesAyr]

Its still 11cents better than a couple of weeks ago so not bad really.

I noticed it had dropped - was their bad news here, or good news in US that affected it or has it just had a fluctuating day?

Jules xx

[Sarah84]

I noticed it has dropped a bit since earlier today, hope this isn't a sign of whats to come. I was enjoying watching it rise

[Guest]

Originally Posted by JulesAyr

Its still 11cents better than a couple of weeks ago so not bad really.

I noticed it had dropped - was their bad news here, or good news in US that affected it or has it just had a fluctuating day?

Jules xx

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Basically major Asian governments said they were going to continue buying dollars. This has boosted the dollar significantly.

[Guest]

may also have been due to the european elections due today

[Latics]

BOE set to keep interest rates at record low. That may help sterling.

[Kayemill]

Bank of England and European Central banks both forecast to keep rates the same. This might help. US employment report comes into play on Friday. The ADP Report indicates that the Government report will show a decrease in employment in the US which I am also hoping will bring the Dollar down.

I don't know why but if it goes back up to $1.64 ish tourist rate I think I will probably go and buy. Just got a funny feeling this might be a peak for a while.
We are only looking at taking $1000 in cash and the rest on cards. I am confident that it will be a decent rate come September.

Just my gut feelings though.

[Greyfriars]

Originally Posted by Kayemill

Bank of England and European Central banks both forecast to keep rates the same. This might help. US employment report comes into play on Friday. The ADP Report indicates that the Government report will show a decrease in employment in the US which I am also hoping will bring the Dollar down.

I don't know why but if it goes back up to $1.64 ish tourist rate I think I will probably go and buy. Just got a funny feeling this might be a peak for a while.
We are only looking at taking $1000 in cash and the rest on cards. I am confident that it will be a decent rate come September.

Just my gut feelings though.

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I think that it's going to be around $1.5 to $1.7 to the pound for the foreseeable future but going against my normal practice I have squirrelled away $1000 at $1.61 just in case it falls before next May.

My last 2 trips, December 08 and May 09 it was $1.40 and $1.50 respectively so I am happy at this rate.
If it's a better rate in May I will still be happy as most spends go on the CC.