exchange rate help

[DoBuy]

Originally Posted by 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.

Surely not against the pound however?I keep reading the pound will be getting weaker.

[PropGuy]

Originally Posted by DoBuy

Surely not against the pound however?I keep reading the pound will be getting weaker.

It is relative to weakness of US$. With 50% fall if that figure is correct, pound is most likely to go up against US$. That is the main reason I said, Pound may fall in the short-term but in long-term it still looks stronger than US$.

[DoBuy]

£1=$1.45.5 today.
Anyone want to guess where it will be in 3/6 months?

[georgihh]

Whoever is from UK must be very happy
With the pound down by 25% you can make a huge profit by selling your property in Dubai.
Now is the time to sell in Dubai and buy in UK.
If the pound sinks another 5-10%, I could consider this life time opportunity
South Africa is another great place to buy houses at very good prices.
On the other hand converting pound to dirham and buying in Dubai is equal to suicide

[PropGuy]

Originally Posted by DoBuy

£1=$1.45.5 today.
Anyone want to guess where it will be in 3/6 months?

During dot com bubble burst it went down to £1=$1.36

[DoBuy]

Originally Posted by georgihh

Whoever is from UK must be very happy
With the pound down by 25% you can make a huge profit by selling your property in Dubai.
Now is the time to sell in Dubai and buy in UK.
If the pound sinks another 5-10%, I could consider this life time opportunity
South Africa is another great place to buy houses at very good prices.
On the other hand converting pound to dirham and buying in Dubai is equal to suicide

Thats if you can sell your property and for a good price.

[georgihh]

Originally Posted by DoBuy

Thats if you can sell your property and for a good price.

If you try hard you can still find an inexperienced foreigner just land up in Dubai with the cash. Just tell him how beautiful Dubai is, show him some pictures, explain him what is going to be in the next 5 years and he might click

[PropGuy]

US$ is dropping

The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a four-month, 24 percent rally.

The currency weakened 5.9 percent measured by the trade- weighted Dollar Index after strengthening between July and November as investors bought the greenback to flee riskier assets and repay dollar-denominated loans from lenders reining in credit. Ever since peaking on Nov. 21, the dollar fell against all 16 of the most-widely traded currencies, according to data compiled by Bloomberg.

U.S. policy makers are flooding the world with an extra $8.5 trillion through 23 different plans designed to bail out the financial system and pump up the economy. The decline shows that the increased supply of money may be overwhelming investors just as the government steps up debt sales, the trade and budget deficits grow and de-leveraging by investors slows.

“The dollar will go to new lows as the U.S. attacks its currency,” said John Taylor, chairman of New York-based FX Concepts Inc., which manages about $14.5 billion of currencies.

Bloomberg.com: Currencies

[PropGuy]

wow, Euro recovered 60% of its value since peak of march 2008

[showbiz]

Do you reckon the dollar will go down further against pound???