Exchange Rate Forecast - Don't Know If It's Reliable But ...

[Cinderella]

I just found this exchange rate forecast: http://www.forecasts.org/pound.htm

I don't know how reliable it is but it seems reasonably hopeful.

 

[Pegasus928]

It would have been interesting to see what they predicted 6 months ago, and compare that to what it is now.
I suppose at the end of the day if anyone was able to predict the exchange rate that accuratley they would be very rich people.

 

[Cochise]

5 Live reported the Bank of E were talking another Int rate drop and the prospect of introducing money to the economy, never mind the actual process of this being done, the talking of it is not doing the £ any good this week. Kiss goodbye to the £ if they carry out the market flood of money.
I cant help thinking there is an agenda behind the open talking down of the £ by both the Government and B of E.

 

[wayneg]

Its total rubbish,
Been following it for over a year, maybe 2. They have no idea, it was still forcasting $2/£1 when it had collapsed, even after an update they were forcasting it to go back up and fell further. No idea who runs it but its not one to follow.
It seems down just now so can't see what their latest is but I have given up bothering to look.

 

[Graeme]

I cant help thinking there is an agenda behind the open talking down of the £ by both the Government and B of E.

There must be, or at least I hope there is. They've caused too many drops by the talking down alone for it to be coincidence. When Alistair Darling announced to the world the UK was going into recession it fell about 20 cents but nobody in the government tried any sort of damage limitation.

 

[islandmum]

Up until 9/11 the UK/US exchange rate always hovered around the 1.50 mark for all the years I can remember. The UK has had a VERY good run of a few years where the pound was up to the 2/1 mark but thats not the norm.

1.50 is more relective of what the true exchange has always been, but we all have short memories when it goes the right way

for us - we're celebrating the pounds slump as we get paid in dollars and 50% of our salary we send back to the UK each month so the difference for us has been huge. We were getting killed so to speak in about June time 2008 but now its great.

hopefully for us it never gets back to anywhere near 2/1. 1.5 would be a happy medium

 

[paulh]

ever since 1992 have watched the £v$ and it has never suprised me that these economists always get it rong,Are thes the same ones who forcast it was a great thing to be in CDS on subprime?
Only one man has ever made killing on the money market in modern times(rothschilds in olden days)Soros,when he backed againgest the £ when it left the ERM
Paulh

 

[anthony2k7]

their january value looks over optimistic to start with!

 

[Cinderella]

It sounds like it's not very reliable then. Cochise - I feel the same way you do. I think they're doing it because they know the weak pound will attract more tourists and bring more cash to the country. Lets face it, they don't want us to spend cash abroad, which is why they impose such strict limits on what we bring back.

Islandmum - I'm hoping my husband will get a transfer to the US with his job and it sounds like transferring money to a UK account would be a smart thing to do. Trips home will certainly be cheaper.

 

[paulh]

It sounds like it's not very reliable then. Cochise - I feel the same way you do. I think they're doing it because they know the weak pound will attract more tourists and bring more cash to the country. Lets face it, they don't want us to spend cash abroad, which is why they impose such strict limits on what we bring back.

Islandmum - I'm hoping my husband will get a transfer to the US with his job and it sounds like transferring money to a UK account would be a smart thing to do. Trips home will certainly be cheaper.

been up the alownces
http://www.direct.gov.uk/en/Nl1/Newsroom/DG_173022
Paulh