Pound v Dollar

The pound has now dropped below $1.24.

I'm glad I only moved a small amount of my Dec. pension payment over from $$ to pounds. I think I may refrain from moving $$ over until I really need them.

The pound has now dropped below $1.24.

I'm glad I only moved a small amount of my Dec. pension payment over from $$ to pounds. I think I may refrain from moving $$ over until I really need them.

The pound falling means you get more for your $. Now is a good time to move your money. 

The pound falling means you get more for your $. Now is a good time to move your money. 

Yeah, it's bad for moving GBP to the US, but good for moving US dollars to the UK.

Say you're exchanging $1,000 to GBP.... an exchange rate of $1.24 means that you get £800 for your $1000, while an exchange rate of $1.30 means that you only get £770.

Yeah, but if it drops lower?

And if I want to go "home" when I get my driver's licence, it's better to have my money in dollars, because if I had gotten pounds on, say, Dec 1 and needed dollars from them I'd have lost money? (That is, I'd have to pay more in pounds to get dollars than I got from moving the dollars to pounds, originally?) I kinda left that out of my OP, sorry!

And if Brexit blows up and we have to leave, dollars are stronger currency than pounds?

My SS will come in as pounds, and I'll get more of them, which is good, though.

Yeah, but if it drops lower?

And if I want to go "home" when I get my driver's licence, it's better to have my money in dollars, because if I had gotten pounds on, say, Dec 1 and needed dollars from them I'd have lost money? (That is, I'd have to pay more in pounds to get dollars than I got from moving the dollars to pounds, originally?)

If the pound drops lower, you'll get more pounds to the dollar. But don't exchange dollars to pounds if dollars is what you need.

I am having a bad brain night. 

Painfully aware of this as I'm still paying student loans and transferring GBP to USD every month

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Painfully aware of this as I'm still paying student loans and transferring GBP to USD every month

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ooooooooooooo. Yeck! 

Painfully aware of this as I'm still paying student loans and transferring GBP to USD every month

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SAME... FML...

And it's only going to get worse with the whole "no confidence" thing coming up. All they are doing by having this vote of no confidence is tanking the £ value even further!

Glad I got all my US christmas shopping done before this massive drop so I still got some decent deals.

SAME... FML...

And it's only going to get worse with the whole "no confidence" thing coming up. All they are doing by having this vote of no confidence is tanking the £ value even further!

Glad you just posted this - I needed to send some Euros in the next few days and was thinking of waiting to see if the pound recovered a bit, but of course, the 'no confidence' thing is just going to make it worse... so I just sent the money a few minutes ago . If I had done it a few days ago, it would have been a little cheaper, but oh well .

Glad you just posted this - I needed to send some Euros in the next few days and was thinking of waiting to see if the pound recovered a bit, but of course, the 'no confidence' thing is just going to make it worse... so I just sent the money a few minutes ago . If I had done it a few days ago, it would have been a little cheaper, but oh well .

Honestly, I will be shocked if the £ doesn't plummet further due to the "no confidence" vote. We moved our £ into $ for Christmas holiday a few weeks ago the last time we saw it drop after a Brexit conference but we may need to send more across before this happens!

SAME... FML...

And it's only going to get worse with the whole "no confidence" thing coming up. All they are doing by having this vote of no confidence is tanking the £ value even further!

Glad I got all my US christmas shopping done before this massive drop so I still got some decent deals.

Mega FML!

Thankfully this year I didn't have to do US Christmas shopping. My parents and both brothers are coming over here for Christmas and new years! I'm so excited. I'm at work right now in TOTAL holiday mode.

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Mega FML!

Thankfully this year I didn't have to do US Christmas shopping. My parents and both brothers are coming over here for Christmas and new years! I'm so excited. I'm at work right now in TOTAL holiday mode.

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Ahh! That's amazing!! Excited for you! It's lovely when people do come to visit because I like being able to show them what MY world is like.

Ahh! That's amazing!! Excited for you! It's lovely when people do come to visit because I like being able to show them what MY world is like.

Yes!! I'm going to treat them to a proper British Christmas roast. I was going to order food through Sainsburys but those prices.... Went to Lidl and got the shopper. They literally have the SAME stuff for half the price. I just have to queue at opening time and run towards the turkey freezer

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Yes!! I'm going to treat them to a proper British Christmas roast. I was going to order food through Sainsburys but those prices.... Went to Lidl and got the shopper. They literally have the SAME stuff for half the price. I just have to queue at opening time and run towards the turkey freezer

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Lidl is the BEST! I love it! We do our regular shop at sainsbury's because there's a starbucks so we do it on a Sunday and order our coffees while paying at the tils and we pick the coffees up when we walk past but Lidls prices and the food they have is AMAZING.

You need to take them there for the bread alone!