Bloody Hell - Dollar Sterling!!!

[Asterix]

The Dollar/Sterling is now the same as 5yrs ago - I know this as it's when I moved out to Dubai and I'm seeing the same exchange rate for the Dirham which is Dollar pegged.

Sorry to say this but this is excellent news!

[juice]

Yep - When I got here in 2000 it was 1.45 - been going down (from my point of view) ever since. I've been on the end of a around $2 to GBP shafting for quite a few years now, so I'm quite happy too !

[Windsorphil]

As a person with a start up that's exporting to USA from China, I'm liking this too...

[rude-boy]

I am crying. Sitting here crying. I spoke to someone about this a number of months ago when the $=£0.52 ish. I said i think i'll take a punt of a couple of k's worth and see what happens (thinking about the US elections, etc.) They told me it was a bad move.

I should not have listened to them and should have trusted my instincts. Okay so i wouldn't exactly be sourcing my private jet but it would have paid for a damn good meal out for the Mrs and I, even at tourist fx rates.

Edited by rude-boy on Monday 6th October 15:47

[Asterix]

I'm making it around a 16% increase in the last 6mths or so.

Going to start dripping money back to the UK soon as I think we're looking to get 1 or 2 properties in the UK next year (or whenever it looks most favourable).

[baron bashoneov]

So, How low will the X rate go

one analysis said 1.50 by Christmas - Happy Days

[Asterix]

That would be very good indeed.

[pbirkett]

Shirley its in most (uk) interests for it to remain at around the $2 = £1 mark, then your cash goes further abroard?

[fastfreddy]

pbirkett said:

Shirley its in most (uk) interests for it to remain at around the $2 = £1 mark, then your cash goes further abroard?

If you're going on holiday to the U.S. then sure.

If you're trying to export your products to the U.S. then the lower it goes the better!

[ZR1cliff]

pbirkett said:

Shirley its in most (uk) interests for it to remain at around the $2 = £1 mark, then your cash goes further abroard?

2$ to the £ is Great for buying from the U.S. but sh.ite for selling the other way.
I better stock up on some vette parts soon.

[HundredthIdiot]

€/£ is looking healthier than it has for a while. Was up over 1.29 earlier today I think.

Difficult to draw conclusions with this much volatility. There seems to be an international competition for who has the most f'cked up banks.

[Asterix]

pbirkett said:

Shirley its in most (uk) interests for it to remain at around the $2 = £1 mark, then your cash goes further abroard?

Of course, if you are in the UK - but I'm assuming that those of us here that are pleased is because we deal/trade/get paid in Dollars or a currency pegged to the Dollar.

[cjs]

Great news here as well, I earn USD, looking forward to it getting to 1.5...bring it on!

[shadowninja]

Been shorting a few pairs vs USD so...

Grabbed about 250 pips on one pair earlier which is a bit unusual. Just dropped like a stone.

Didn't have the balls to hold over the weekend, mind.

Edited by shadowninja on Monday 6th October 18:18

[MrVelox]

Every day it's better for those of us who have to buy expensive antique Vauxhall bits from the UK!

Yay! Cheaper 3.3! Now to find a triple carb manifold....

[AdeTuono]

shadowninja said:

Been shorting a few pairs vs USD so...

Grabbed about 250 pips on one pair earlier which is a bit unusual. Just dropped like a stone.

Didn't have the balls to hold over the weekend, mind.

Edited by shadowninja on Monday 6th October 18:18

Are you Carcoat Damphands?

[shadowninja]

Why??

[mybrainhurts]

Windsorphil said:

As a person with a start up that's exporting to USA from China, I'm liking this too...

You need to get that carbon claptrap off your profile before it gives you a bad name, old boy....

[Simpo Two]

rude-boy said:

I should not have listened to them and should have trusted my instincts.

Know how you feel. My instinct six months ago was to get out of equities... stupidly I let myself be talked out of it, 'long term' yada yada

[tomTVR]

Asterix said:

Going to start dripping money back to the UK soon as I think we're looking to get 1 or 2 properties in the UK next year (or whenever it looks most favourable).

Why not get 3 or 4?