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Topic: Pound may suffer as US rates rise above ours  (Read 3050 times)

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Re: Pound may suffer as US rates rise above ours
« Reply #15 on: May 12, 2006, 02:13:46 PM »
This is great as I get paid in pounds.   Time to transfer some money to the States.   ;)
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Re: Pound may suffer as US rates rise above ours
« Reply #16 on: May 12, 2006, 02:15:40 PM »
Quote from: mattj74 on April 20, 2006, 06:47:45 PM
Higher rates of inflation tend to make a currency weaker as well as the record budget deficits mentioned.  

Not to mention that if China decided to stop propping the dollar up, the US would be in for a world of financial hurt.

On our recent trip (last 2 wks of April), the exchange rate improved (dollars to the pound!!) from the first to the second week we were there.  Told hubby I should have saved all the shopping for the last!
« Last Edit: May 12, 2006, 03:21:12 PM by carolyn_b »
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Re: Pound may suffer as US rates rise above ours
« Reply #17 on: May 12, 2006, 07:25:32 PM »
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Re: Pound may suffer as US rates rise above ours
« Reply #18 on: May 13, 2006, 07:29:23 PM »
Quote
Anyboyd checked the markets today? The exchange rate SUCKS!  1 pound = $1.89.  When I moved here last August it was 1=1.70.
It depends on what angle you look at it, for me it's great not sucky but if I'm going to exchange money or go on holiday it's more likely to buy dollars and at this rate I'll be looking to get $2 for every £1 I bring with me or send across, woo hoo!!!
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Re: Pound may suffer as US rates rise above ours
« Reply #19 on: May 13, 2006, 07:35:06 PM »
Quote from: mattj74 on May 13, 2006, 07:29:23 PM
It depends on what angle you look at it, for me it's great not sucky but if I'm going to exchange money or go on holiday it's more likely to buy dollars and at this rate I'll be looking to get $2 for every £1 I bring with me or send across, woo hoo!!!

Im with you on this Matt, helps when paying off US debt  ;D
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Re: Pound may suffer as US rates rise above ours
« Reply #20 on: May 13, 2006, 10:57:05 PM »
Quote from: bvamin on May 12, 2006, 02:13:46 PM
This is great as I get paid in pounds.   Time to transfer some money to the States.   ;)

Absolutely!
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Re: Pound may suffer as US rates rise above ours
« Reply #21 on: May 14, 2006, 02:33:13 AM »
Quote from: Skippy on April 19, 2006, 09:15:07 PM
Keep in mind also, that the $1.78 is the mid market rate for the exchange. Nobody actually gets an exchange at that rate, it is the average between the buy and sell price of the pound vs the dollar. Last I heard, about 2 weeks ago,  the actual exchange was $1.95 to get £ 1  (Hmm, not sure how to type the pound sign... Now you know ) So that would mean you would get about $1.60 for £1 if you were buying $'s
 
Just do copy and past ..                      £
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Re: Pound may suffer as US rates rise above ours
« Reply #22 on: May 14, 2006, 02:44:40 AM »
Quote from: jennredd on May 13, 2006, 07:35:06 PM
Im with you on this Matt, helps when paying off US debt  ;D

Goodt idea, I was planning  to pay off my student loan before moving to UK, Now the rate is going UP(as of May 12 2006 the rate is 1.8943).
I should pay it with £.
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