Dollar at 26-yr - $2 < £1 !

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  • s9ann0
    Confirmed User
    • Sep 2001
    • 4873
    #1

    Dollar at 26-yr - $2 < £1 !

    Dollar at 26-yr low vs pound

    LONDON (Reuters) - The dollar fell to a 26-year low against sterling and neared an all-time trough versus the euro on Wednesday as expectations of U.S. rate cuts contrasted with prospects for monetary tightening in other countries.

    http://investing.reuters.co.uk/news/...KETS-FOREX.xml

    :o/
    Tags: None
    • thaifan99
      Confirmed User
      • Jul 2003
      • 3029
      #2
      Its killing me!! bring on the interest rate rises!
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        • Peaches
          Old broad
          • Oct 2002
          • 13933
          #3
          Originally posted by thaifan99
          Its killing me!! bring on the interest rate rises!
          OK, so is this good or bad for me and next week? I'm already planning a day at Harrods

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            • Webby
              Too lazy to set a custom title
              • Oct 2002
              • 14956
              #4
              Originally posted by Peaches
              OK, so is this good or bad for me and next week? I'm already planning a day at Harrods
              Could you have chosen a worse time in 26 years Peaches??

              Have a good trip!
              XXX TLD's - Another mosquito to swat.

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                • Peaches
                  Old broad
                  • Oct 2002
                  • 13933
                  #5
                  Originally posted by Webby
                  Could you have chosen a worse time in 26 years Peaches??

                  Have a good trip!
                  Dammit!

                  In all fairness, the last time I went was 28 years ago so I probably got good deals then. Payback is hell.

                  Now I'm going to make all the natives buy ME lagers......

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                    • Webby
                      Too lazy to set a custom title
                      • Oct 2002
                      • 14956
                      #6
                      Originally posted by Peaches
                      Dammit!

                      In all fairness, the last time I went was 28 years ago so I probably got good deals then. Payback is hell.

                      Now I'm going to make all the natives buy ME lagers......
                      Pin these natives down and be the guest - cos you may be shocked at the prices

                      PS.. Thinking... 28 years ago it was a totally different story!
                      XXX TLD's - Another mosquito to swat.

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                        • pornguy
                          Too lazy to set a custom title
                          • Mar 2003
                          • 62910
                          #7
                          Funny thing is, the dollar went up here again today.
                          PornGuy skype me pornguy_epic

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                            • Webby
                              Too lazy to set a custom title
                              • Oct 2002
                              • 14956
                              #8
                              Originally posted by pornguy
                              Funny thing is, the dollar went up here again today.
                              Against which currency pg? Still seeing it just over $2 = &#163;1 (1 USD = 0.498900 GBP). There are obviously going to be blips on the screen depending on both US and UK performance, but generally it's getting not so good in the longer term.

                              Can't remember exactly but both GBP and the Euro are forecast to rise around 5&#37; by the end of the year anyways - this is based just on "natural performance" and irrespective of the dollar, but thinking, unless the dollar increases at least 5%, it's not a pretty picture cos other Asian countries are also on an "upper".
                              Last edited by Webby; 04-18-2007, 07:41 PM.
                              XXX TLD's - Another mosquito to swat.

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                                • Webby
                                  Too lazy to set a custom title
                                  • Oct 2002
                                  • 14956
                                  #9
                                  PS Not sure the UK Pound "really" qualifies for that ranking, but suppose it's what the market end up with. There is one very tight-fisted guy (Brown) in control of the finances there and it's doubtful that rating will drop.
                                  XXX TLD's - Another mosquito to swat.

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