exchange rate help

[showbiz]

DoBuy, why lower the better???

[DoBuy]

Originally Posted by showbiz

DoBuy, why lower the better???

Because I may be selling in Dubai and bringing the money to the UK.

[georgihh]

$ is getting stronger and stronger
Another 5-7% and I might start cashing up.
1Pound=1.37$ will be the time when I will start buying pounds

[showbiz]

Originally Posted by georgihh

$ is getting stronger and stronger
Another 5-7% and I might start cashing up.
1Pound=1.37$ will be the time when I will start buying pounds

do you think it really will get that low?

[georgihh]

Originally Posted by showbiz

do you think it really will get that low?

Ok first of all the pound is not as big as the $ and the Euro
So is very easily manipulated
The EC has predicted that the Pound will equal the Euro one day.
On the other hand the Pound was equal to the $ 30 years ago
The time is working against the Pound the question is how low can go
End of the day everything is speculation but I have the feeling that everybody is playing against the Pound and they will push it another 5-10% down

[talk]

1GBP = 5.368 AED and going downnnn.

[PropGuy]

very good interview FT.com / View from the Markets

[DoBuy]

UK inflation down from 5.2 to 4.5.Bigger drop than expected.
Opens the door for a big interest rate cut in December and a further weakening of the pound?

[PropGuy]

Originally Posted by DoBuy

UK inflation down from 5.2 to 4.5.Bigger drop than expected.
Opens the door for a big interest rate cut in December and a further weakening of the pound?

Yea, in short-term it has more chances of going down further. I'm Pound is close to bottom, it will reverse trend in next summer. That is my view.

[PropGuy]

This not based on TA, but most of the big forex investors I know are expecting 50% drop in the value of US$ in next 8 months.