Gaming8 mins ago
Buying Us Dollars!
11 Answers
I'm off to New York on 19th May, need to buy a few dollars to get me over the first day or so, any advice on whether I should buy them before or after the General Election, heard some say that its best to wait, ideas please?
Answers
The pound will be very volatile as the election approaches, then is expected to drop if there is a hung parliament, then possibly recover quite strongly once a Government is formed - but that might take a while. In your position I'd watch the rates over the next few days and try to buy when there is an 'up'. As factor says, any variation in rate will probably be less...
10:46 Sat 25th Apr 2015
The pound will be very volatile as the election approaches, then is expected to drop if there is a hung parliament, then possibly recover quite strongly once a Government is formed - but that might take a while.
In your position I'd watch the rates over the next few days and try to buy when there is an 'up'.
As factor says, any variation in rate will probably be less important than finding the best deal for commission.
In your position I'd watch the rates over the next few days and try to buy when there is an 'up'.
As factor says, any variation in rate will probably be less important than finding the best deal for commission.
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