I'm planning on going to NYC at the end of January - i've been watching the currency markets and have seen the dollar almost reach the magic $2.00 mark against the pound. Will the exchange rate get any better by the end of January or has it already peaked?
2006-12-11 20:15:36 · 6 answers · asked by Graham F 1 in Business & Finance ➔ Other - Business & Finance
Years ago I made a tidy sum of money playing sterling against the dollar but I had taken the long term approach. It's much harder to predict to fluctuations short term. However, since the dollar weakness is a refelection of the troubled US economy, it is unlikely that the dollar will improve markedly any time soon. The rate will certainly fluctuate in both directions from now to January but only marginally. I don't beleive the Sterling will get any stronger soon.
2006-12-11 23:24:22 · answer #1 · answered by Alain M 2 · 0⤊ 0⤋
My suggestion will be open a us dollar account the following contained in the united kingdom and receives a fee in funds. you are able to then seem into ideas to make investments contained in the US to a minimum of boost your entire fee to get better some money. (My suggestion dell pcs stocks) i imagine it truly is not achievable ot make investments in actual sources as somone stated as you want a eco-friendly card to attempt this. very last aspect is forex markets can go any route with out delay those days. If shall we assume it there will be so a lot extra millionaires round. Get your money as a poultry contained in the hand is worth 2 in george bush!
2016-11-25 22:23:38 · answer #2 · answered by rengifo 4 · 0⤊ 0⤋
It will fall in about a months time...
as it will be announched in the American budget that the dollar is doing better than expected, as America is trying to stave off an economic downfall.
If you plan to buy... buy in about 2 weeks time...
2006-12-11 20:17:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes the £ will get stronger and stronger against the $
2006-12-11 20:17:36 · answer #4 · answered by Bella 7 · 1⤊ 0⤋
I hope so - going to the states next year myself
2006-12-11 20:23:27 · answer #5 · answered by voluptuous 3 · 1⤊ 0⤋
Anything is possible even in the financial world
2006-12-11 20:24:11 · answer #6 · answered by D G 6 · 1⤊ 0⤋