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  #1  
Old September 26th, 2011, 12:52 PM
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Pound vs Dollar

1.55 to 1 Looks like were gaining again. With the crash of the Euro where do you guys think it will stop? I need to order some big parts.
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  #2  
Old September 26th, 2011, 01:13 PM
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figures it would get better the week after I bought an engine over there
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  #3  
Old September 26th, 2011, 01:18 PM
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I think now is the time to buy... My opinion. I don't see it getting any lower but I could be wrong.
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  #4  
Old September 27th, 2011, 10:20 AM
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Quote:
Originally Posted by roverguy View Post
I think now is the time to buy... My opinion. I don't see it getting any lower but I could be wrong.
Inclined to agree. Eurozone continues to throw good money after bad keeping Greece on life support... Who knows how long the inevitable will be pushed back...
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  #5  
Old September 27th, 2011, 10:30 AM
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Do you think that the crash of the Euro will negatively affect the British pound?
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  #6  
Old September 27th, 2011, 10:46 AM
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The pound may become stronger with respect to the euro but may not significantly weaken against the dollar ... then again I'm not able to predict the future ...

despite the fact that US debt is at record level and the sovereign rating was down graded people are still pilling into US treasuries ... just because its seen as less risky than the Eurozone ...

Bailing out Greece is not the issue ... it's what happens after that is important ... bailouts for Spain, Portugal, Ireland, Italy ... The smart investors have already priced this into their models ... it's the people who panic and lack understanding that will cause some big price swings ... those people will be the ones losing their 401K's to the smarter investors.

What you should be asking is how much you will save by the potential market movement ... bearing in mind the pound is unlikely to collapse below 1.40 ... a level it's only been at for a brief period in the last 10 years ...

In my view your savings are less than 10% in the most favorable scenario to your purchase ...
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  #7  
Old September 27th, 2011, 12:30 PM
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So.............

1.55 to 1 Looks like were gaining again. With the crash of the Euro where do you guys think it will stop? I need to order some big parts.



Quote:
Originally Posted by leastonce View Post
The pound may become stronger with respect to the euro but may not significantly weaken against the dollar ... then again I'm not able to predict the future ...

despite the fact that US debt is at record level and the sovereign rating was down graded people are still pilling into US treasuries ... just because its seen as less risky than the Eurozone ...

Bailing out Greece is not the issue ... it's what happens after that is important ... bailouts for Spain, Portugal, Ireland, Italy ... The smart investors have already priced this into their models ... it's the people who panic and lack understanding that will cause some big price swings ... those people will be the ones losing their 401K's to the smarter investors.

What you should be asking is how much you will save by the potential market movement ... bearing in mind the pound is unlikely to collapse below 1.40 ... a level it's only been at for a brief period in the last 10 years ...

In my view your savings are less than 10% in the most favorable scenario to your purchase ...
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  #8  
Old September 27th, 2011, 04:24 PM
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1.56 and climbing today
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  #9  
Old January 5th, 2015, 12:12 PM
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  #10  
Old January 5th, 2015, 12:16 PM
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  #11  
Old January 5th, 2015, 12:20 PM
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Don't confuse the Euro with the English pound!!!

The English pound is worth $1.51 currently. Or alternatively $1 gets you 66pence in England
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Old January 5th, 2015, 12:26 PM
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no confusion but hopefully the same trajectory…

http://www.ibtimes.co.uk/sterling-fa...yrolls-1481915
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Old January 5th, 2015, 12:42 PM
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Quote:
Originally Posted by Rocky View Post
Don't confuse the Euro with the English pound!!! The English pound is worth $1.51 currently. Or alternatively $1 gets you 66pence in England
Right, I should have clarified with my post. I figured I would piggyback on this exchange thread.
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  #14  
Old January 5th, 2015, 01:57 PM
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Quote:
Originally Posted by phoenix37 View Post
no confusion but hopefully the same trajectory…

http://www.ibtimes.co.uk/sterling-fa...yrolls-1481915
More recent forecasts suggest the pound would not move at the same rate against the dollar but who the hell knows which end is up anymore?
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  #15  
Old January 5th, 2015, 02:04 PM
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Over the last 10 years the £ has varied between a high of 2.11 US$ to a low of 1.36 US$

Of more interest is the the last 5 years after the banks and toxic loan fiasco the £ has rarely been less then 1.55 US$ and a max of 1.72 US$

I would suggest that you work on a band of 1.55 -1.60 US$ to the £ in next few weeks.

Please remember that is the official exchange rate and the rate you will get from your US bank will be about 3-4% less then the official rate. The actual rate can vary from minute to minute.


Brendan
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  #16  
Old January 5th, 2015, 02:19 PM
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Think the Euro came to life about ten years ago....
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A friend of mine runs a land rover / range rover specialty repair shop. Based on his experience, they are capable of stopping anywhere, anytime, at any cost.

I don't know about the brakes, only their unreliability.
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