FOREX FORECAST GBP USD
I have 19,000 pounds GBP in a bank in the UK, when will be a good time to transfer it to USD again?
Earlier this year it would have transferred to about $38,000. Now it only comes to about $28,000. I’ve been waiting and watching the rates drop since October. I can’t see how it could get any worse of an exchange, but could it? Should I transfer out now? Or when does anyone think it will go back close to what it was before? I hate the idea of losing $10,000 for almost no reason, but even $1000 loss is much more acceptable.
I really can’t find any info on the web about this. I’m not looking for FOREX forecast’s here, but any helpful information and insight.
Tricky question ?Everything is down “The Plug “, at present.
You have to determine US interest rates to Savers, compared to UK
rates. Similarly exchange rates euro to pound are not so good either,
but interest rates at present are higher in the Euro zone.But for how long.? You need to do a careful comparison & decide yourself.
Basically, no-one knows, except everything is going to get worse
next Year, before things level out eventually.
For Better or Worse. ?
Personally, I would hang in there, until End of Jan 2009.
Forex Forecast Video Analysis : EURUSD and GBPUSD for September 11