$$$$$$

[Win2Win]

ANy ideas when the $$$$ will peak. I need to buy a £1000's worth, and the way the wife spends I'll need about $500 to the £1

I think it's 1.94 today, will it hit 2?

[vegyjones]

Haven't you missed it?

I thought it went over 2 tother day!

[Win2Win]

I didn't want any tother day

[vegyjones]

Doesn't matter what price you get... you'll never get past customs looking like you do :D

[Micky T]

The last time it was this high was 1992,
if it goes up to around the 2 mark there will be alot of resistance stopping it going higher, so in answer to your question
no i don't,

if i did i would be rich :D :D

[Win2Win]

92

It was this high around the start of the year. :)

[Micky T]

Which Year

It did actually spike to 1.9554 in 2004

but there is alot of support at the moment currently trading at 1.9461

[Win2Win]

Life goes so fast, start of 2005 it was.

Seems to peak in December, so I'll buy this week sometime, before the big boys move in to get it back down again.

[Onlyforfun]

:splapme The dollar is by no means high. The dollar is low, sterling is high or to put it in investment jargon: weak dollar, strong pound.

We are split on $2/£1 this year, but surely it will test it sooner or later, the ECB / BoE will raise rates in the new year, the Fed may have to cut or keep the same. However, to attract dollars back from abroad they can't go too low.

[Win2Win]

The value of the trade is higher than it was last year....so that erm....makes it higher!!

[Onlyforfun]

Erm no, the pound is higher...

[Win2Win]

......therefore the value of the trade is higher, as I get more $$$ for my £££....in turn I can buy more for my wonga ......no wonder you're only a tea boy

[John]

You get more for your money, basically, which means you can buy more dollars for the same amount of pounds, based on the quality of the exchange rate. At the moment the exchange rate is of good value, so you can buy more bucks for your quids. Aye. :)

[Onlyforfun]

Welcome to the wonderful world of fx. We've taken hits of over $50k in placing trades the wrong way round this year. Why does it never move in your favour when that happens???

[Win2Win]

I think that's happened to my betting this week :(

[Onlyforfun]

$1.96 and counting, it'll go to $2.

[Win2Win]

If it doesn't will you pay me the 0.04c?

[Onlyforfun]

Depends how many £'s you're selling.

[Win2Win]

Looking at the wife's shopping list £250,000