In the near future do you predict the US DOLLAR will strengthen considerably against the BRITISH POUND?

Answer 1

Although banks internationally have been affected by US sub-prime lending, which in turn has affected other currencies, the majority of the lending is still in the US and will remain there until the end of the cycle of re-sale/repossession. The US economy is also re-mortgaging the future of their currency to finance the war in Iraq, which is now only second to WW2 in terms of cost to the economy. Given that the sub-prime lending cycle will endure five years, it is very difficult to see how the dollar can strengthen against the pound, especially once the war effect starts to hit the economy. As far as the Pound/Euro equation is concerned, the UK banks are probably more exposed that those in Europe to the poor lending policy in the US, but the Euro has already taken on one or two basket case currencies and is due to include the Bulgarian Lev and the Romanian Lei in the non too distant future, which will probably even things out. I would say that in 12 months time the Euro will still be between 1.42 and 1.48 against the Pound, but we will see a still weaker Dollar, which could go as low as 2.25 - 2.30 against the pound.

Answer 2

It's not easy to see how it will come back in the near future. With the advent of the euro it has meant foreign investors now have a choice of currencies in which to hold their reserves.

However, Europe & Japan are becoming too expensive so there is always a way.

Answer 3

In the near future I predict exactly the opposite.....

Answer 4

In the near future, I think the Australian dollar will continue to trounce the US dollar (just like in real life eh?)...sorry.

Answer 5

I think US dollar is having it's last song....
Don't get crossed by China and yuan may be the next currency of the World

Answer 6

if you're thinking in terms of buying them then i would say it's probably not worth the wait unless you have A LOT of sterling to buy it with

what it is worth doing at the moment is buying stuff over the internet from US based companies because you will get lots of dollar, and thus lots of product, for your pounds

Answer 7

it somewhat is the top, it will finally point out at around £a million.seventy 5 in approximately 365 days. solid information for united kingdom importers, undesirable information for united kingdom exporters. and high priced for the US electorate on holiday in the united kingdom and Europe.

Answer 8

No, not for the foreseeable future as the Chinese have large reserves of US$ they are trying to convert to other currencies.

Answer 9

Je ne sais pas mon petite garcon, je ne sais pas.

Answer 10

not in the near future, no, not a chance.