do you think the $ will improve?

[wen-tom]

Hi guys, I have just over a month until we go.. I can get 1.54 today.. does anyone think that the rates will get any better in the next few weeks?

I don't know whether to take the plunge now..

 

[Elise79]

Hedge and get some now and some later. The way the economies are at the moment it is fairly unpredictable. Rates could rise or fall. It was $1.60 a couple of months ago but has been as low as $1.40 in the last year.

 

[wen-tom]

I've been watching it over the last few weeks and it drops and rises again all the time. I was thinking the same though, i think i will get half now and half later

 

[Samaya]

On the XE Currency Charts for GBP/USD it shows a 2 cent increase over the last few hours to 12.40pm today so fingers crossed it stays that way.

http://www.xe.com/currencycharts/?from=GBP&to=USD&view=12h

 

[starrysky]

Dh and I were just talking about that and I think we are going to hold off a little bit yet. I did suggest getting some now and some late but I think we will just wait and get the whole lot together.

We normally work around getting $1.50 to the £ so as long as we get that an more is a bonus. I think last year we got it at $1.60.

 

[chmurf]

On the XE Currency Charts for GBP/USD it shows a 2 cent increase over the last few hours to 12.40pm today so fingers crossed it stays that way.

http://www.xe.com/currencycharts/?from=GBP&to=USD&view=12h

$ has taken a huge plunge around that time
it also lost over 1% to the euro, and the euro itself is still losing to the £

The € should pick up against the £ at least until mid august. Still € is in trouble vs. $, so I'm not really confident that the £ will go up much in the 3 or 4 weeks to come.
Hope for better rates but also be prepared for worse rates.
Whenever the £ has gained significantly against the $ is a good time to get some green cash.

There should/could be more dramatic rates change early in the new "political year" starting early september. With a more than probable ousting of greece out of the euro system, european currencies (€ and £) might get a strong mechanical boost against the $

But like Disney, I won't offer no guarantee on that analysis

 

[cliveywolves]

Interbank rate is $1.5723 ... Its going to be around that for a while imo....

 

[wen-tom]

thanks for your opinions I have taken the plunge and transferred half of our spends

 

[darthtatty]

I think because of the Olympics, the $ rate will rise.

well done on buying a bit now, we did that this time last year.
It dropped a bit after but then rose back up again.

 

[2Tiggies]

I load my FairFX whenever I'm happy with the rate. I needed some cash for this trip though and on my way home from work it was $1.53 on their window so I jut nipped in and bought. I don't carry a large amount of cash with me so even a 5c difference won't have much if any, effect on what I got in US$ today.

 

[George12]

If we knew the answer we would all be millionaires. It's not that long ago when someone in the financial arena forecast that the rate would be as low as $1.38 by now!
The old adage is that if you are happy with the rate go ahead and buy it.