USD-GBP exchange rate

[Big Papa Zone 93]

That said, the 2-to-1 thing was ridiculous. Now the exchange rate is back to what it was in

the '80s and '90s. I can actually use my US credit cards in the UK and not feel like a

third-world refugee.

I am no expert on this but talking to my financial director today when he told us all we are now to work on a rate of $1.50 he thinks that it was unlikely that we would see the $2 rate again or for a very long time, he said that rate was inflated that is why we never worked on higher than $1.72, he thinks it will go up again but looking long term at $1.60

Actually, the trend is still strongly bearish, so if anything, it'll probably go DOWN further,

possibly to $1.40 or even lower.

Sadly, he's right. Shaz, expect it to dip into the $1.30's at around the time we're ready to leave.

[Gemmie 142]

That's it, I'm taking all my dollars out NOW.

[mawilson 2,133]

That's it, I'm taking all my dollars out NOW.

1.47 today

[mawilson 2,133]

Oh boy.

$1.46

[Laura+Tom 2]

Yeah you can stop now, ta.

[mawilson 2,133]

Yeah you can stop now, ta.

[T and M 1]

Yeah you can stop now, ta.

This is very frustrating. I spend the last two years in the UK spending my dollar savings as a student and feeling very much like the Third World refugee someone mentioned. Over the summer I made some pounds and came to the states, only to have them wiped out by this crash. I HATE currencies. Such as waste of productivity and random redistributor of wealth. Bring back Bretton Woods!

http://en.wikipedia.org/wiki/Bretton_Woods_II

[catrocks 0]

Dammit I didn't even think about this.... I have savings in the UK that I was planning to leave there for as long as possible since the interest rates are way better, but it seems like it would have been better to just bring them over when the exchange rate was 2-1.

Looks like I've lost about $10,000 and I didn't even realize. DAMMIT.

[T and M 1]

Dammit I didn't even think about this.... I have savings in the UK that I was planning to leave there for as long as possible since the interest rates are way better, but it seems like it would have been better to just bring them over when the exchange rate was 2-1.

Looks like I've lost about $10,000 and I didn't even realize. DAMMIT.

If you had converted it to dollars, the dollar would have crashed again and you would have gotten transferred back to the UK.

Murphy's Law.

Keeping your cash diversified is the only way a traveler can avoid getting pummeled by erratic exchange rates. Unless your name is George Soros in which case you should gamble big.

[rebeccajo 14]

I am no expert on this but talking to my financial director today when he told us all we are now to work on a rate of $1.50 he thinks that it was unlikely that we would see the $2 rate again or for a very long time, he said that rate was inflated that is why we never worked on higher than $1.72, he thinks it will go up again but looking long term at $1.60

Actually, the trend is still strongly bearish, so if anything, it'll probably go DOWN further,

possibly to $1.40 or even lower.

2 to 1 was crazy. Americans literally couldn't afford to travel to Great Britain.

[Lansbury 19]

This is a quote from a piece in The Telegraph:-

The pound is likely to fall further against both the euro and the dollar, analysts warned. Charlie Diebel, rates strategist at Nomura, expects the pound to reach 90p against the euro within a one to three-month horizon.

"With euro-sterling we're in uncharted territory to some extent and I think we could probably go a little bit further, although I think it's unlikely we'd go to parity."

He expects the pound to fall to $1.40 over the same period before swinging into reverse and settling at around the $1.55 level as a long-term average.

[Trompe le Monde 1,107]

$1.40 is about where it was 10 years ago - i think it may have even dipped to $1.30 at one point.

[Mags 112]

Yeah you can stop now, ta.

Well, he's only telling it as it is - by him not doing so doesn't make it go away.

I'm SO glad I got my money over last year when it was $2 to the pound. Phew!

Sorry for the rest of you guys.

[Lansbury 19]

$1.40 is about where it was 10 years ago - i think it may have even dipped to $1.30 at one point.

$1.05 is the lowest it has been.

[Big Papa Zone 93]

$1.40 is about where it was 10 years ago - i think it may have even dipped to $1.30 at one point.

$1.05 is the lowest it has been.

Please Lansbury, don't even go there.