The Dollar and the Pound

Roland Wallick · Post by **Roland Wallick** » Thu Aug 14, 2008 1:39 am

This is looking good, the Dollar hasnt been this light against the Pound in quite some time. I hope this is only the beginning,http://www.gocurrency.com/cgi-bin/ycalc ... target=USD
May be able to buy another tank if this keeps up.

Mark Champion · Post by **Mark Champion** » Thu Aug 14, 2008 1:45 am

I know I got my finger crossed!!! it will help with the wife if I can save a few bucks.

Mark

Tim Bowman · Post by **Tim Bowman** » Thu Aug 14, 2008 3:06 am

Thanks Roland. Let's hope so. It's been rough this last year or so for us and a King Tiger would be nice.

Let me guess.... they are sold out already.

Jim Slothower · Post by **Jim Slothower** » Thu Aug 14, 2008 4:12 am

If it keeps going like this, I might be able to afford one also

Or at least a Panzer 111. I havent even really started the first one and I already want another. Ok I cant fool you guys, I want one of each...

Jim

Roland Wallick · Post by **Roland Wallick** » Tue Sep 02, 2008 3:08 pm

This is looking good if this trend continues guys. From $2.02 to $1.78 and counting.

http://www.gocurrency.com/cgi-bin/ycalc ... target=USD

Phil Markham · Post by **Phil Markham** » Tue Sep 02, 2008 5:36 pm

Hi Guys,

If you look at a 5 year chart of the Pound vs. Dollar we are approaching a major resistance level of 171.41 established on November 21st 2005. We would have to see a close below this level before the pound declines further in any significant way.
As someone who dabbles in currency trading I think it is unlikely to break below this point, as the fundementals just don't support it.

Personally I would be buying the pound at this level on a forward contract basis if you canâ€™t pay for the currency right now and locking in the gains that the Dollar has made in the last couple of months.

My humble opinion of corse, dyor.

Check out the following chart.

http://finance.yahoo.com/echarts?s=GBPU ... =undefined[/url]