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jimmy

Dollar To Pound Transfer

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I have recently traded quite a lot of US shares (employee shares from a previous job) which are now sitting as cash in a US account waiting to be transferred back to GBP.

The USD/GBP exchange rate has collapsed in the last couple of months but I'm not sure whether to do the transfer now or wait a while?

From what I've read around here if the FED increase interest rates again and UK are cut or stay the same, then there will be even more of a fall. So should I wait?

I'm not in a great rush to repatriate them - just wanted to get out of US shares and put them somewhere "safe" like an ISA, some premium bonds (20%), and maybe a bit of gold (10%)...

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Hard to tell right now. The markets have probably already priced in rate increases in America and a cut in Britain, so the rate may not drop much in the near future... on the other hand, if the BoE keep holding rates or actually increase, it should increase.

Also, when the US house bubble bursts the dollar will probably drop a fair amount against the rest of the world even with rising rates.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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