AAARRRRRGGGG

Curse you Pound!!! You were supposed to die a horrible death because of Brexit (to my benefit). Over the last year....all you've done is go up. You are not making me happy. Can't you go back down.....just a little bit? Please? At least for the next 4 years? Cricket sounds............

Curse you Pound!!! You were supposed to die a horrible death because of Brexit (to my benefit). Over the last year....all you've done is go up. You are not making me happy. Can't you go back down.....just a little bit? Please? At least for the next 4 years? Cricket sounds............

What the hell happened today?!  That's a huge green candle!  *checks news*

 I’ve been trying to hold off bringing any over for ages now, the rate just keeps getting worse.

"The surge to almost $1.37 came after Bloomberg reported that the Spanish and Dutch finance ministers had agreed to seek a Brexit deal that kept the UK as close to the EU as possible."

http://www.bbc.co.uk/news/business-42661361

Waaaaaaaah. We were hoping to take advantage of a weak pound as we're selling our US home now. Selfishly annoyed.

Tho the first time I came to the UK it was $2to£1 soooo guess it's still not that bad?

Waaaaaaaah. We were hoping to take advantage of a weak pound as we're selling our US home now. Selfishly annoyed.

Tho the first time I came to the UK it was $2to£1 soooo guess it's still not that bad?

Do you have to bring the money over now? If you don’t I would sit on it until the exchange rate recovers. With a house sale you’re talking about thousands of a difference.

Waaaaaaaah. We were hoping to take advantage of a weak pound as we're selling our US home now. Selfishly annoyed.

Tho the first time I came to the UK it was $2to£1 soooo guess it's still not that bad?

While I feel for you...  as I've been paid in GBP for many years now, it's nice to see it making a teeny tiny recovery.  Though no where near as much as it NEEDS to. 

But nice that it's more affordable for my parents now.  Makes shopping at home WAY less fun though.

Do you have to bring the money over now? If you don’t I would sit on it until the exchange rate recovers. With a house sale you’re talking about thousands of a difference.

Ahhh.....you see, that's the madness talking. Kind of like trying to time the market with stocks. Sometimes you win.....sometimes you lose. If the UK goes through with the brexit.....the Pound will likely drop, at least for a while. If a soft landing happens......or if brexit doesn't happen at all....it goes up. Do you feel lucky?

Do you have to bring the money over now? If you don’t I would sit on it until the exchange rate recovers. With a house sale you’re talking about thousands of a difference.

I brought my money over right before the referendum because we needed it for our house deposit... So much regret.

If someone knows.....and can prove to me which way the Pound/Dollar index is going to go in the future....please let me know.......I can make a whole lot of money if I know what is going to happen in the future. Sure..... I wish we had waited another year before moving back to the UK. If we had, we would have saved a fair bit of money since the Pound went down. But.....that's the issue.....I didn't know what was going to happen. If we had waited and the Pound went up.....we would have had less money. Actually.....when we decided to move back the Pound was up around $1.70 I think. When we actually moved back I think we were getting around $1.47 or so on some big money moves....so we thought we were lucky as hell. It went lower......oh well. I cannot predict which way the Pound is going to go.

F4, I’m not suggesting that anyone can predict the movement of the pound, I’m just saying, if you can, wait until it is where you want it to be before moving your money. 

That's the point......what if it never goes lower? How long are you willing to wait? The Pound might be a lot lower next week......or it could just keep going up. Kind of like gambling. I wouldn't want to advise anybody on something like this......they just need to make the best decision they can and live with it whichever way the exchange rate goes.

Markets never just go in one direction.


http://www.xe.com/currencycharts/?from=USD&to=GBP&view=10Y

And again.....your chart makes my point. In the last 10 years......how does the current exchange rate compare? You are right, the rates go up and down (as I've said as well). Heck....I added a chart back to 1971 (I think).....current rates look pretty good. Should this person wait until the rates are better?......what if the rates drop next week to $1.30.....should they move money then? What if it looks like it might go lower? When should they move money?.....What if you tell them to hang on until the rates are better.....and they go higher and stay there for a long time? I certainly can't tell them what they should do, and I won't make any recommendations. I was in the UK back in the early 80's when the exchange was close to 1 to 1 ........woowee was that great!! Too bad I had no money then....

http://www.macrotrends.net/2549/pound-dollar-exchange-rate-historical-chart

I’m not telling anyone to do anything, just making a suggestion is all.