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How will the British pound fare against the dollar in the coming months?

 
Canuckchick
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User ID: 12413386
Canada
05/16/2012 05:12 PM
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How will the British pound fare against the dollar in the coming months?
I am heading to the UK later this summer...any idea on how the pound is going to do? should i change money now or wait? Right now 10,000 british pounds is approx $16,000 Canadian dollars...any idea if it will get better? Would be nice to see it be 10,000 pounds = 13,000 dollars...or something like that...
CanadianBacon

User ID: 12483265
Canada
05/16/2012 05:24 PM
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Re: How will the British pound fare against the dollar in the coming months?
I doubt you will see that ratio. once we have the housing market crash, the banks will be insolvent. debasing our currency further
CanadianBacon
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United States
05/16/2012 05:26 PM
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Re: How will the British pound fare against the dollar in the coming months?
i'd buy now, the pound is sheilded from the euro better than the dollar is.
Anonymous Coward
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United Kingdom
05/16/2012 05:26 PM
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Re: How will the British pound fare against the dollar in the coming months?
I think we'll be fine because the dollar is based on oil (which they will probably end up trading in gold for) and the euro is based on a whole load of bullshit.

The sterling, however, isn't doing too bad and although it might take a hit should the euro collapse (maybe food shortages etc,) I can't see it collapsing.





GLP