Keep eye on £/$ rate

[wayneg]

Anyone looking to exchange any money its up almost 7 cents in past 24 hours. Hopefully keep going.
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/intraday.stm

 

[wifey]

Fingers crossed I'm praying the pound v dollar goes back up steadily over the next few months, could make a big difference to lots of families

 

[Claire L]

Yes just noticed that as well!

 

[wilma-bride]

I will confess that I don't really understand the currency markets at all - is the link above referring to the business rate, rather than the tourist rate? And, if so, is that the rate that you get when using the Nationwide Credit Card?

I still have to pay off my cruise and, if it continues to improve, I may decide to do that sooner rather than later

 

[wideeyes]

The tourist rate is will be about 5cents bellow that rate. Its will be around 1.39 -1.40 for a good rate through a travel agency. I would think higher for a Nationwide Credit Card though not sure as I haven't used one.

 

[T16GEM]

Hopefully it will keep going up!
My DH said to me this morning that he is predicting a rise in the rate - I think he is waiting to say told you so!

 

[wideeyes]

I hope it goes up more - I have a hotel to pay and annual dues coming up.

 

[wayneg]

Yes thats the full interbank/business rate. Until 6th May its the rate you get on your Nationwide card, after that until 31st May they are introducing a .84% fee, then from 1st July increases to a 1% fee.

I still have half of cruise to pay ($1500) I will probably just pay on due date whatever the rate is on that day.

 

[higgy66]

Oh No! I get a bonus in 2 weeks and it's paid to me in $ and then converted and added to my wages. I just wanted it to hold off for 2 more weeks and then go up to an all time high for September.

Doesn't the economy know anything about my life

 

[orangetiggs]

fairfx have it at 1.43 was 1.39 this morning so i'm liking the rise!

 

[wideeyes]

Oh No! I get a bonus in 2 weeks and it's paid to me in $ and then converted and added to my wages. I just wanted it to hold off for 2 more weeks and then go up to an all time high for September.

Doesn't the economy know anything about my life

for once it has gone the right way for me as just got paid in $ last week for renting out DVC points.

 

[Claire L]

Here is the reason why - Federal Reserve pumps more money into economy.

Claire

 

[Mermaid2sea]

Cool.....lets hope it carries on going up....

 

[Neoshoegal]

keep it going in that direction please!

 

[Chilly]

Oh please please please go up

 

[darthtatty]

thats brilliant, its made my day!
for the past 8 years ive kept an eye on the $ rate around this time of year and it always goes up around March/April. was getting worried this year due to the financial situation.
will make sure husbands ready to get the $

weve got just under 8 weeks before we go

 

[Lizzybear]

Right now i'd be happy with 1.50, seems so long ago now that we all panicked when it went to something like 1.80 from 2!

 

[darthtatty]

thats what im waiting for 1.5, id be happy with that.
if its not as much, id still be happy- as i need to get it, as we're going there

 

[wideeyes]

I would be over the moon with 1.50, at the moment I am happy for it just to stay above 1.4

 

[madmumof2]

I noticed this this morning too. Got a 1.4375 rate with Fairfx, so very happy with that!

I'll be happy as long as it doesn't drop below 1.40 again. Anything above is great, but I'll be happy if it stays like this really.