The US Dollar

[themurrayfamily]

Hi All...

I've noticed the Dollar has dropped a little this last couple of day's, anyone on the board think it will continue to drop? I am trying to restrain myself from buying our currency & theme park tickets until close to August, however I'm finding it increasingly difficult to resist the temptation with the Dollar starting to drop....

Regards

themurrayfamily

 

[vernon]

Some good economic data from the US , plus more chat from the European central bankers has pushed sterling down to 1.8007 (interbank rate) . I think Thursday will be the crunch time and if the bank of england raises base rates we could see £ regain it's popularity pretty quickly.

 

[amf]

I wish the Dollar had dropped in value....unfortunately its the £ that has fallen

We bought our currency last week from Travelex @ just under $1.77 and this morning bought TCs from them at just over $1.78 (the afternoon selling rate is now under £1.77).

Since we have used C/Cs and ATMs in recent years (Nationwide account holders, therefore no foreign currency charges) we are taking a gamble that the £ will not gain, before we go in July. There is a bit of me thinking that speculating 6 months in advance isn't wise, but the overwhelming reason for jumping now is that we are happy with the rates we got....come what may

 

[themurrayfamily]

I think we might buy on Monday... The rate seems to good at the moment to miss...