A question
I'm quite aware of the fact that when you ask four economists for a prediction, you get five answers (or however that saying goes) but I thought I'd ask this question anyway, as I know at least some of my readers know more about current trends in economics than me.
A relative of mine is going to the US for a holiday in a couple of months time and wants to know whether it's best to buy dollars now when the exchange rate is so good ($1.77 to the pound according to the BBC's Market Data page) or if it's likely to drop any further over the next couple of months making it worthwhile to wait until March to buy them.
So, any suggestions and speculations as to what's likely to happen will be gratefully received, even if it conflicts with what others have said.
A relative of mine is going to the US for a holiday in a couple of months time and wants to know whether it's best to buy dollars now when the exchange rate is so good ($1.77 to the pound according to the BBC's Market Data page) or if it's likely to drop any further over the next couple of months making it worthwhile to wait until March to buy them.
So, any suggestions and speculations as to what's likely to happen will be gratefully received, even if it conflicts with what others have said.
Nick got away with this at 3:40 PM
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