US Dollars

[luckystrike]

 

I want to buy about US $2,500.  Is the dollar likely to rise any more, or should I just be happy with getting the rate of about 1.91, with zero commission?

 

Thanks

[TTFresh]

USD is weak at the moment so people are buying things in dollars as it takes fewer GBP to buy them.  In short, we don't know about the rise/fall of FX rates but to give you an idea, I work for a very large US Investment Bank and some people are asking to be paid in USD because the dollar equivalent of the GBP they earn is currently very high.   I'd say buy now as it is not likely to get too much better for you.  Had you been trying to sell dollars I'd advise you to hold them

[OBonio]

I heard rumours of it going through 2 dollars.  That was 2 weeks ago though, and it hasn't happened.  I'd buy now and know you've got a good deal.

[Didwot]

The Dollar is now at 1.94 to the pound, and most pundits say it will go to 2 dollars to the pound. At that exchange rate you will save �58 on your transaction from the rate you quoted, which is not a lot. As ever the pundits could be wqrong, and so you pay your money and make your choice.