Forecast Dollar exchange rate

[Stu]

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

Past Trend Present Value & Future Projection

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]

Originally Posted by Blue_SV650S

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

Originally Posted by Stu

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

Doh!!

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]

Originally Posted by Warthog

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

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.