dave_morgan Posted August 18, 2006 Posted August 18, 2006 Actually, any international market analysts amongst us? My company needs to transfer some cash from US to here, and I'm wondering if there's anything round the corner that might strengthen/weaken the dollar/pound to make it prudent to do it sooner rather than later. The dollar seems to have strengthened against the pound the last few days, but is it going to continue?? Any opinions?
Gumball Posted August 18, 2006 Posted August 18, 2006 apparently the interest rate in the UK isnt changing again until next year.Neither is the US. The pound is slipping slightly against the dollar but has only dropped 1% since the start of the month. I wouldnt think the Dell or GAP scenarios would effect the stock exchange that much even if they have both reported 50% profit losses this week. So, i would think then that your moneys safe in either currency for the time being More gumball financial updates available on request. I have to go now, Bill Gates is on the phone again[]
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