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Stu
22-10-08, 05:33 PM
http://www.forecasts.org/pound.htm
It forcasts the Dollar to return above $2 a pound from $1.62 today.
That would be great news for me, surely it's not just wishfull thinking and it's based on clever people's analysis :confused:

Past Trend Present Value & Future Projection

http://www.forecasts.org/images/exchange-rate/pound.gif (http://www.marketvector.com/exchange-rate/)
Blue_SV650S
22-10-08, 06:53 PM
Regardless of wiggly lines someone in a suit drew ... its gotta be worth a punt at buying a few grands worth of dollars at the moment surely? Lets face it ~30% rise in 2 months ...

If you were to buy in £3k of USD at $1.62, in a coupla months you could have made yourself about a grand ... even if you wait 6 months ... that is still not a bad return ;)
Stu
22-10-08, 06:58 PM
Regardless of wiggly lines someone in a suit drew ... its gotta be worth a punt at buying a few grands worth of dollars at the moment surely? Lets face it ~30% rise in 2 months ...

If you were to buy in £3k of USD at $1.62, in a coupla months you could have made yourself about a grand ... even if you wait 6 months ... that is still not a bad return ;)
Er..... Please do it the other way round Blue!

your £3K will buy you $4,860 which will be worth £2,430 if the rate reaches $2
Blue_SV650S
22-10-08, 07:07 PM
Er..... Please do it the other way round Blue!

your £3K will buy you $4,860 which will be worth £2,430 if the rate reaches $2

:laughat:

Doh!! :D
Warthog
22-10-08, 07:14 PM
I am going to Egypt on holiday on the 15th of November. I am about to get some Dollars. How late can I leave it then boffin Stu?!
Stu
22-10-08, 07:34 PM
I am going to Egypt on holiday on the 15th of November. I am about to get some Dollars. How late can I leave it then boffin Stu?!
Feck me, don't hold out on my account! The rate is falling off a cliff at the moment. I've no idea that it will recover rather than keep going down :smt102

I was hoping someone could explain it to me, or google-fu a more reliable chart. Historical data is easy to find, but there is an active futures market so that would be a good start and I'm not sure if my chart represents that.