What's Going on with the Dollar rate???

[Snapper]

I feel like that sometimes about the stock market. Everything I touch seems to nosedive faster than Tom Daley.

I've often wondered if this anti-midas-touch isn't a big investment opportunity. I could pick some shares and buy them. Then tell all my friends. They could short the bejesus out of them, and then when they drop like a stone we could all close out and divvy up the profits.

[syrup]

I feel like that sometimes about the stock market. Everything I touch seems to nosedive faster than Tom Daley.

We must be related :-)

I've always worked on the assumption of $1.50 to £1 and looked on anything higher as a bonus. About four years ago I was lucky enough to get $2 to £1.


Keith

[steph_goodrum]

I've been told it's to do with the crisis in Greece and because they may be forced out of the Eurozone

[Tonish]

I feel like that sometimes about the stock market. Everything I touch seems to nosedive faster than Tom Daley.

I've often wondered if this anti-midas-touch isn't a big investment opportunity. I could pick some shares and buy them. Then tell all my friends. They could short the bejesus out of them, and then when they drop like a stone we could all close out and divvy up the profits.

Structured equity derivatives is my bread and butter, we could definitely structure something like that for you! But like you, on a personal basis, every single share I have had since 2008 has gone against me. As a point of interest, the FX guys in my place are talking about 1.40 ish by the end of the year. But they've been wrong every year as well, so I wouldn't pay too much attention to them.

[Katys Grandad]

The decline seems to be continuing - $1.54 this morning. You might now be getting under $1.50 at retail exchanges.

[SteveandJan]

An exchange I use in London are still offering 1.5210

[syrup]

FairFX are quoting $1.5225 at the moment for their card and $1.5341 for cash. I am going in December, do you think it's advisable to buy now? Is it only going to go one way?



Thanks

Keith

[Katys Grandad]

FairFX are quoting $1.5225 at the moment for their card and $1.5341 for cash. I am going in December, do you think it's advisable to buy now? Is it only going to go one way?



Thanks

Keith

Not bad rates on those - most of the Travel Agent FX kiosks are just about hanging onto $1.50 today. As to where it's going - I've given up trying to understand or predict it but I suppose if you're content with where it is at any given time then you should probably buy and accept that it could then go either way before you travel.

[syrup]

Not bad rates on those - most of the Travel Agent FX kiosks are just about hanging onto $1.50 today. As to where it's going - I've given up trying to understand or predict it but I suppose if you're content with where it is at any given time then you should probably buy and accept that it could then go either way before you travel.

I've bitten the bullet and ordered cash today. As I said in an earlier post I've always worked on $1.50 to £1 and anything else as a bonus. I've gone for cash as it's a slightly better rate and I did have a problem getting cash out of an ATM using their card last time.



Keith

[Katys Grandad]

I've bitten the bullet and ordered cash today. As I said in an earlier post I've always worked on $1.50 to £1 and anything else as a bonus. I've gone for cash as it's a slightly better rate and I did have a problem getting cash out of an ATM using their card last time.

Good decision so far - down to $1.53 this morning. M&S and Thomas Cook now offering below $1.50 - not been there for quite a while.