Is the US Dollar expected to rise anytime soon against the British Pound? If so when would this happen (approx.)?

November 28, 2007

Posted by invsense

( 1 rating )

If you asked me that question yesterday I would have answered maybe. But today, with recent news I say no.

Look at the markets, they are rallying. The reason for this morning's rally is the expectation that the feds could again cut interest rates, a move they were previous not expected to do. While another rate cut is great for the stock market it kills the dollar.

I don't trade the British Pound so I can't help you there. I wouldn't expect the dollar to rise in general for another 6 months at the earliest. everyone feel free to disagree, I love debate...

Sign in or register to rate or comment on this answer. | Save as Text | Save as PDF | Print

November 28, 2007

Posted by Chivy

( 1 rating )

The dollar is not expected to rise against almost any currency because the US Fed is going to cut rates at the end of the year. But it depends against the pound, because it´s not sure if UK central bank will lower rates too(lots of people think they will, I think so too), which also depend on the UK´s housing market prices. If that happens, the pound will probably weaken against the US dollar.

Sign in or register to rate or comment on this answer. | Save as Text | Save as PDF | Print