Any ideas when the British pound will be on the up?

Kaiju · 23 Oct 2008 at 19:53

No good with these things, just want to transfer some money over to Hong Kong and if I did it 3 months ago, i'd of banked a helluva lot more.

Cob · 23 Oct 2008 at 19:53

2012.

Cosimo · 23 Oct 2008 at 19:57

Pick a year, toss a coin.

SpicyDuck · 23 Oct 2008 at 19:58

No one has any idea. Ask the Lizards.

Pilky01 · 23 Oct 2008 at 19:58

How on earth are we meant to know that?

Jimmeh · 23 Oct 2008 at 19:59

If i knew that, I wouldn't be wasting my time on these forums.

Kaiju · 23 Oct 2008 at 20:01

I didn't ask specifics here.

So what are the factors involved? Assumptions, predictions, premonitions?

PMKeates · 23 Oct 2008 at 20:02

Kaiju said:
I didn't ask specifics here.

So what are the factors involved? Assumptions, predictions, premonitions?

It's gonna go down for a bit, then up. Transfer when it has gone up again nearly as much as it just went down, but not quite.

Sarduk · 23 Oct 2008 at 20:04

Kaiju said:
I didn't ask specifics here.

So what are the factors involved? Assumptions, predictions, premonitions?

My premonition says if that you assume any advice here is solid and you act on it, then I predict you're an idiot.

Kaiju · 23 Oct 2008 at 20:05

PMKeates said:
It's gonna go down for a bit, then up. Transfer when it has gone up again nearly as much as it just went down, but not quite.

Nicely done, thanks for your heads up.

Kaiju · 23 Oct 2008 at 20:07

JimpsEd said:
My premonition says if that you assume any advice here is solid and you act on it, then I predict you're an idiot.

I'm not looking for advice on anything important ya muppet. Just when people think the pound will go up.

Overlooked much?

icedragon999 · 23 Oct 2008 at 20:07

No idea really. But now is the time to invest in stuff.

^JP^ · 23 Oct 2008 at 20:07

It is going to go down more before it goes up. Down by ~7% since Monday.
Our housing market and interest rates will keep falling and then a new US president will strengthen the dollar.
Would not be surprised to see $1.50 to the Pound.

Not sure about the US housing market. Could have a positive effect for us but not much.

But really I know nothing and I am just glad I bought USD at $1.98 to the Pound and still have plenty to spend on my next trip

Kaiju · 24 Oct 2008 at 13:39

Cheers for that.

Slackworth · 24 Oct 2008 at 13:40

If any of us knew that we wouldn't be doing day jobs.

iSam · 24 Oct 2008 at 13:41

Slackworth said:
If any of us knew that we wouldn't be doing day jobs.

That was my first thought when I saw the thread title!

MooMoo444 · 24 Oct 2008 at 13:43

Will be at least a couple of years before things return to how they were I'd say..

Basically cheap prices wont be back for a while.

gillywibble · 24 Oct 2008 at 13:44

5 years, give or take a millennium.

platypus · 24 Oct 2008 at 13:46

Kaiju said:
So what are the factors involved? Assumptions, predictions, premonitions?

Hmm, wouldn't finding out the factors involved before investing in currency have been a good idea?

Zip · 24 Oct 2008 at 13:46

Hopefully after the AUD goes up so i can get some cheap items from your home land