USD-GBP exchange rate

[Shannon ♥ Nick 0]

yeah I just looked at changing my £'s to bring over dont think I'll bother now, might risk it and leave a week or two see what happens....

[mawilson 2,133]

yeah I just looked at changing my £'s to bring over dont think I'll bother now, might risk it and leave a week or two see what happens....

What happens is the British pound has broken 3 key support levels - 1.45, 1.40 and 1.3865, the June 2001 low.

The next support level is $1.365, and then its $1.00, I'm afraid...

As of right now, 1 GBP = 1.3680/84 USD.

Edited January 21, 2009 by mawilson

[Shannon ♥ Nick 0]

do i cut my losses and go for it or is it really gonna get worse?

[mawilson 2,133]

do i cut my losses and go for it or is it really gonna get worse?

If it goes below $1.365, all bets are off.

Forex traders tend to pay close attention to things like support levels, so they often become

self-fulfilling prophecies.

[Big Papa Zone 93]

If you have $240,000 in savings

Try $5,000!!

[Stinky Monkey 1]

Well thanks guys that has made my day NOT

[mawilson 2,133]

Well thanks guys that has made my day NOT

Well I'm not laughing any more - it's really quite sad. It was uncool when the rate

was $2.10, but $1.30 is a bit much.

[Rob&Dawn 1]

I can't beleive it has fallen so low, the world has gone bonkers!

[Mags 112]

Well thanks guys that has made my day NOT

Well I'm not laughing any more - it's really quite sad. It was uncool when the rate

was $2.10, but $1.30 is a bit much.

$1.30? Bloody hell.

[mawilson 2,133]

Well thanks guys that has made my day NOT

Well I'm not laughing any more - it's really quite sad. It was uncool when the rate

was $2.10, but $1.30 is a bit much.

$1.30? Bloody hell.

Well no, it's $1.3872/75 at the moment, still above $1.365 (the 1992 low.)

[DairyFarmer 1]

I wish I had transferred more money earlier. Now it just sux. The money I was saving here to take back is now worth so little. I can't make up my mind if I transfer when I move or just keep it for a while.

[mawilson 2,133]

It's over, guys.

The dollar is fukced.

Thank you, Bernanke, fukcing assshole.

[Gemmie 142]

Why do you say that?

[mawilson 2,133]

Why do you say that?

The dollar is going to be the main casualty of global recovery.

As you know, the dollar rallied strongly after the stock market crash last September

(which was triggered by the collapse of Lehman Brothers) as investors scrambled for

safety of US assets.

Given the amount of money stockpiled in cash after the Lehman bankruptcy and still

undeployed after this spring's equity market rally, any upside move would renew the

dollar's downtrend.

[Big Papa Zone 93]

Why do you say that?

The dollar is going to be the main casualty of global recovery.

As you know, the dollar rallied strongly after the stock market crash last September

(which was triggered by the collapse of Lehman Brothers) as investors scrambled for

safety of US assets.

Given the amount of money stockpiled in cash after the Lehman bankruptcy and still

undeployed after this spring's equity market rally, any upside move would renew the

dollar's downtrend.

Oh mate, where were you when this was going down!!??

http://www.visajourney.com/forums/index.php?showtopic=198404

Edited May 22, 2009 by Damian P