Crikey... £1 approaching $1.60

[SantaClaus]

DOOM PREDICTION - Interest rates will be going up in the next 12 months to defend a run on sterling

Keep wishing!

[Paddy]

It’s speculation again and has no relevance to the true value. Interestingly, the head of OPEC was on tv today. A very educated and experienced man who once worked for Exxon. He said the oil price hike was totally caused by speculation and investors has spent 30 billion dollars pushing up the price of oil.

With the pound targeted today; bet your life there will be champagne parties in the city tonight.

[Liability]

It’s speculation again and has no relevance to the true value. Interestingly, the head of OPEC was on tv today. A very educated and experienced man who once worked for Exxon. He said the oil price hike was totally caused by speculation and investors has spent 30 billion dollars pushing up the price of oil.

With the pound targeted today; bet your life there will be champagne parties in the city tonight.

Agree - Forex trading will be IMMENSE especially as we are meant to see another 50 point cut in two weeks on Interest Rate - Although if we DO see $1.50 that will be scary; however it will more than likely bounce back to the usual $1.85 over the coming months as the doom followers subside

[SantaClaus]

Agree - Forex trading will be IMMENSE especially as we are meant to see another 50 point cut in two weeks on Interest Rate - Although if we DO see $1.50 that will be scary; however it will more than likely bounce back to the usual $1.85 over the coming months as the doom followers subside

Most likely, the rate cut has been priced in by the markets over the last 2 days. So yes, it is possible we will see a bounce.

[bobhope]

So holidays at butlins in Bognor from now on then?

[Platypus]

it will more than likely bounce back to the usual $1.85

"Usual" is a matter of perspective, it was "usually" much lower than $1.85 in the 10 years before it was $1.85 (approx 1993-2003).

[d000hg]

Holy cow, it's at $1.55 right now. I'm going to start doing work off RentaCoder...

[HairyArsedBloke]

I earn in USD

[chef]

1 eur = 0.79 GBP up from 0.77

woohoo I have a 20k invoice being paid in next week.. keep on rising

£600 better off

[d000hg]

I earn in USD

I specifically negotiated my contract in £ with a US client 1 year ago, when the £ was over
$2 and rising. Thought I was being so clever