The Cal-look Lounge

This is aimed at the Brits more than anything :

Do think with the slow down and drop in the exchange rate our spending in the states will slow down ?


1.00 GBP = 1.78719 USD

I for one need to pay a bill so will be watching when a good time comes around to pay it.

Rob

I bought something the other day, and was then shocked at how many pounds it cost me.  With shipping etc, it is starting not to be such a bargain.

now do we wait a while to see if it gets better or go for gold now?

I think we have gotten used to the good life for to long. It was bound to happen, we have had such a strong pound for so long we have been lucky. I remember about 4 years ago when it was only like $1.45 to the £1. I was importing and selling parts back then and it was hard to make money, especially doing it all legit and paying full customs and vat at over 22%. Still managed to pay for my hobby though. What you have to remember is some products you can only buy from the US and you have to decide if its worth you spending your hard earned cash on something! For me it would be a case of I would rather pa more and get the right parts than compromise!
Rob.

what you didnt buy USD when the were 2.01 to the £ ?  ;D

I did, bring it on...... ;)

Haha Doh , missed the boat on that one !

The dollar is at it's strongest level versus pounds sterling since april 2006 right now. My guess it's about as strong as it will get, since part of the dollar strengthening is due to the oil prices tumbling. In a month, all eyes will be back on the low distillate stocks (heating oil) in the US as fall sets in, the oil price goes up again and once again put pressure on the weak dollar.

Since the dollar is more volatile than the pound these days, if I were an American, I would think this is a good time to buy or pay your bills in pounds, but if you are European wanting to buy from the US, it might be worth waiting a month or two.

That's my 2 cents (or actually, I guess with the weak dollar, its my 4 cents...  ;) )

quite right

but if you want to make a little money buy some USD when it gets around $2 to the £ again, next year they predict 150-200$ barrel oil, the US banks keep printing the stuff and when the UK and Europe really know how much debt there is over here the USD will becomer strong again and probaly around  the 1.83$

my few cents worth......

Cheers for the input guys :) i will see how it pans out.

It will be interesting what the $ does today when the market opens in NY after the collapse of Lehmans last night

initially up, but once they realise it will effect the British banks it will return to its low.

been checking this alot

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/intraday.stm

also interesting checking the markets

check out the graph for lehmans :(

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/2/49342/default.stm

told ya

pretty damn shocking watching financial news today...

be careful what you wish for  :-[ :o

currently $1.82/ $1.75 at Travelex

Then help us God, and not just for the hobby...