Hermit Posted September 9, 2008 Share Posted September 9, 2008 1 British pound = 1.7436 U.S. dollars Bargain time is over Our pound is weakening, which makes sense, but I've also read a couple of stories saying the dollar is strengthening, which doesn't... anyone got any ideas why? Link to comment Share on other sites More sharing options...
bolarbag Posted September 9, 2008 Share Posted September 9, 2008 PayPal Conversion Rate as of 9 Sep. 2008: 1 British Pound = 1.71207 US Dollars This is the lastest rate from those pessimistic fawkers at paypal, the pound will be weakening and the dollar will be strengthing a bad combo for us! Luckily I had done most of my spending when it was at 1.95 - 1.98, but I still have a fair few thousand I'd like to spend over there, it dont look good! The initial Annie and Frannie Mac fiascal was good as it kept the dollar high after a short nosedive, now the news the U.S government are pulling them out of the whole its nosediving at a ridiculous rate, just hope it stops! Link to comment Share on other sites More sharing options...
Gaz Walker Posted September 9, 2008 Share Posted September 9, 2008 The initial Annie and Frannie Mac fiascal Is that a cross between fiasco and fiscal? Its taken a hell of a pounding in the last month, the Yen had plummeted too so unfortunately all car parts are going to be more expensive in months to come. Link to comment Share on other sites More sharing options...
bolarbag Posted September 9, 2008 Share Posted September 9, 2008 lol, I knew that sounded weird, I was doing a report at the time, well thats my excuse;) Link to comment Share on other sites More sharing options...
Hermit Posted September 9, 2008 Author Share Posted September 9, 2008 lol, I knew that sounded weird, I was doing a report at the time, well thats my excuse;) Fiascal - good word My guess is that it's a short term blip, and once the currency speculators have made a few quid the dollar willl weaken again. But there's no reason to think the pound will strengthen, so it might settle at about $1.85 for a while. Maybe. Link to comment Share on other sites More sharing options...
tooquicktostop Posted September 9, 2008 Share Posted September 9, 2008 Fiascal - good word My guess is that it's a short term blip, and once the currency speculators have made a few quid the dollar willl weaken again. But there's no reason to think the pound will strengthen, so it might settle at about $1.85 for a while. Maybe. Dont think so myself, I see the dollar getting stronger against the Euro/pound and I dont see $2 per £ for a long time Link to comment Share on other sites More sharing options...
Hermit Posted September 9, 2008 Author Share Posted September 9, 2008 Dont think so myself, I see the dollar getting stronger against the Euro/pound and I dont see $2 per £ for a long time For sure, that $2 per £ is gone. Apart from that, I wouldn't like to put money on it either way Just stated my guess - if it turns out right I'll crow and point back at my post, otherwise I'll keep quiet, obviously Link to comment Share on other sites More sharing options...
Fifty Posted September 9, 2008 Share Posted September 9, 2008 You might like to download FXCM Trading Station 11 get the free download and play at forex trading for 30 days very fascinating - Im 5000 bucks up on profit in 2 days DO NOT SIGN UP AND DO IT FOR REAL latest 1.76629 oWWWWWWWWW:d Rich Link to comment Share on other sites More sharing options...
Gaz Walker Posted September 9, 2008 Share Posted September 9, 2008 Hey Rich, I know you wanted to move to CR etc - did you have any money held in USD at the good rate or have you got to pay the current market rate? Gaz. Link to comment Share on other sites More sharing options...
Fifty Posted September 9, 2008 Share Posted September 9, 2008 an interesting (pun) question Gaz unfortunately no - we do not hold dollars at this time. we have major positive equity in the house but natch that is not sold yet - we have a fair bit of interest developing though and should get a deal soon with usable/useful amount (bear in mind we own another house to base from near Warrington. anxious times of course dollar coming back; pound falling to bits, and houses projected to fall another 25 percent -not a good set of parameters to deal with eh? but you know -we dont care lol we go anyway once weve sold have to be philosophical ; its as much about life style interests etc as it is about money. for first 2 years we will rent and travel around ; perhaps splitting the year in 2 , can easily rent good places right by the ocean etc we will also develop other income streams (the hard bit lol) how about doing some containers of bkingy car bits?? in some ways its a good time to bail out we have gained so much equity over the 14 years here. Buyibg is more difficult -I believe the pound will slowly recover; but is not too bad as we only change to dollars as we need it. thx for being "interested" fingers crossed we will be discussing our plans over a beer or two on ari atol Maldives next week lol Rich Link to comment Share on other sites More sharing options...
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