jimmy Report post Posted October 18, 2005 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%)... Quote Share this post Link to post Share on other sites
MarkG Report post Posted October 18, 2005 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. Quote Share this post Link to post Share on other sites
