Forex (USD) forecasting?
Discussion
I earn some USD and am constantly waiting for the 'best' time to exchange up to GBP. Of course it never is the best time and I often miss a good rate waiting for a better one! Recently I could have got 1.44 now the USD is at 1.50 ish.
Now I know no one has a crystal ball however there must be someone out there who can give sensible forecasts, I'm looking longer term forecasts. Any recommendations?
Now I know no one has a crystal ball however there must be someone out there who can give sensible forecasts, I'm looking longer term forecasts. Any recommendations?
Personally Id change USD into GBP now.
The USD has risen due to flight to safety in the markets. Longer term its a flawed currency with the US taking no steps to reign in their deficits unlilke the UK recently has.
Once the economy starts picking up the USD will fall further.
Now the question is when will the economy pick up!?
Could be a double dip coming the markets have been bad the last few days. But if you need some pounds Id change right now and not wait.
The USD has risen due to flight to safety in the markets. Longer term its a flawed currency with the US taking no steps to reign in their deficits unlilke the UK recently has.
Once the economy starts picking up the USD will fall further.
Now the question is when will the economy pick up!?
Could be a double dip coming the markets have been bad the last few days. But if you need some pounds Id change right now and not wait.
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