I read today in the times that the real value of sterling is closer to 1.60 than the current 1.80. What happened to the dollar tanking and sterling staying nearer 1.90 or 2.00.

as a UK resident who visits the family a lot in the USA and considering buying a property there someday, anyone have much clear info or thoughts on where the pound is headed and how soon?

thanks

bee bear

Down towards 1.5-1.6. It is going to accelerate as the property bubble bursts.

I am guessing you mean as the UK's property bubble bursts? Any feel for the speed of the pounds fall?

Thanks

If I knew how fast sterling will go down,
I woud know how fast the house prices will crash.

And that I don't know I am afraid. All I know is it has just started.

I am just about to go to the USA , would you get travellers cheques or use a Mastercard over there .

As far as i know mastercard doesn't charge for making purchases in foreign countries (unlike Visa) but call and check it out with your card. Travellers cheques are a pain and sometimes you get charged by US banks for cashing them. I'd only get them if you are paranoid about losing your credit cards etc. Value for money they are not (IMHO)