by dksbbs » 25 Jun 2009 18:39
I think it will drop tomorrow as the money markets have dropped from 2.58 to 2.53 hopefully will increase again. I think the drop is due to the govenor of the bank of England talking down the government policies yesterday. The £ always drops with negative press against the country.
Just in case I have gambled and just purchased £800 at 2.48 which was delivered today, I'm happy with that rate and I've done this purely as we were hit hard last year when the £ dropped below 2.2 in a matter of a couple of weeks.
If £ goes up I still need to change money so great, if it drops I have cut my losses.
Dave