Might be time to buy Dollars

[ollie]

I noticed that Wall Street took a hit today from the Japanese stock market, might be worth keeping an eye on the $/£ rate in the next day or two.

 

[JohnnySharp2]

Thanks Ollie - will do.

 

[Miffy2003]

Thank you!

Ollie - welcome to the Dis

 

[terrynewpack]

Japanese stock market went down 3% but no impact on the dollar which strengthened against the Euro and £.
Don't think there is any reason why it would affect the £/$.

Terry

 

[Amyrlin]

Doesn't look like it would impact it. The best guide is to look at the forward rates at www.ft.com, which tend to indicate a rise in $ to £ in the summer, by only a few cents and then retruning to the current level. However,. these are only what are expected, and they can be very dramatically wrong!