USD Exchange Rate - buy now?

[Boss Hogg]

Hi,

mickg7dyd mentioned yesterday that BBC2 have said the $ is moving up from its lows of earlier today!!! Sorry to be a bit thick but is that good or bad - is it going up or down.

Thanks

I would guess that he/she was saying this is a bad thing. In that the had been $ "low" against the £ (you get more for your money) and it was recovering/stregthening/getting higher (you get less for your money).

Effectively it's moving up and down at the same time - depends if you have $ to buy or sell