Maybe its staying so low just now before it races to record highs at xmas and over the new year. Well Im really hoping so as I need to pay my DVC dues in January.
Exchange rate feels low after the highs of over $2 but if you take an average over the past 10 years the rate is $1.71, today we are at $1.585, yes its below average but not by a massive amount, the Government don't want it much higher so they won't do anything to help holidaymakers get higher rates, they are more interested in lower rates to help our export industry. IMO $1.60 ish is about as good as we will get for near future but hope I am wrong.
Barclays reckon it's going to $1.82 next year:
http://www.telegraph.co.uk/finance/currency/8192550/Sterling-will-be-strongest-major-currency-in-2011-says-Barclays.html
Also they think it will go to 78p vs the euro as well which would be nice.
No idea how accurate their predictions are but it's nice to hear somebody talking in support of sterling...