Hi,
Ok ok... I can definitely, absolutely, totally and accurately tell you which way the Pound will go Vs the US Dollar ....
It's going to go .....
That way!..
There's no guarantee it'll 'recover' to the 'usual' rate of around £1 = $1.60, it might go back to £1= $2 or, it might over the next few years, or sooner dip lower and shock horror be worth lower than the Euro!
There's good economic news every so often, and there's still a lot of uncertainty, the period of now and March 2019 will be closely watched by many for sure!
A weaker pound means potentially more investment money into the UK as the bigger(est) investors look to get more value for their money. The risk of course is that if the economy overall goes in the direction of lower, then investments may be pulled out of the UK.
For indvidual's looking to move foreign currency, then a few years ago ( I think it's still available, but not sure 100%) then some currency exchange specialists would allow a 'lock in' rate. Some people did that when the pound was worth $2 and I think the lock in time was at least a few years. They're laughing now of course. Opposite way round isn't so good but if anyone 'locked in rates when £1 = $1.23 ish, they'll be laughing !
Lots of people carefully watching currencies, markets, house prices, interest rates, inflation rates, employment aspects who've never really taken much notice before.
Fingers crossed it's eventually a 'soft' Brexit...
Cheers, DtM! West London & Slough UK!