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    Obama vs McCain

    Any predictions on whether the currency exchange will change a lot on the USD vs £? If Obama wins they say the US stock market will go up. If McCain wins it will go down.

    Or will it be up either way (which usually does after elections). Drats, maybe i should have exchanged some money. Or buy from online US shops tonight before the results?

    Obviously being a HUKDer i want to take economic advantage of the situation by actively participating in world politics even though i cant vote *grin

    --------
    xe.com (Live rates at 2008.11.04 20:49:46 UTC)
    1 GBP = 1.59588 USD
    1 USD = 0.626613 GBP
    1 GBP = 1.22828 EUR
    1 EUR = 0.814148 GB

    watch this space after the results.

    11 Comments

    I'm sure they have rational reasons for making such claims, actually I'm sure they don't and it's just more spin.

    Either way McCain to win, :w00t:! (don't ask my why)

    they both frauds and will most likely end up killing thousands of people like Bush.


    so for that matter I dont care :-(

    Original Poster

    is it because they will recount votes in Florida again? hehe

    black gerbil1;3371810

    they both frauds and will most likely end up killing thousands of people … they both frauds and will most likely end up killing thousands of people like Bush. so for that matter I dont care :-(



    What on earth are you blabbering on about

    Unfortunately its not looking good for the £ especially with the BoE meeting just around the corner

    1.40-45 by the end of Dec is a very strong possibility

    You really need to keep an eye on the worlds oil prices as the dollar rate usually runs parallel

    mccain's gonna be president.
    Obama is just the token b***k guy.
    besides looks like a blatant case of "make it look like they have a choice" I reckon they had to make it "appear" as if obama had a chance, to make the US of A look like the ultimate success story of democracy.
    mark my words Mccain's gonna "clinch" it.

    So if the American economy goes up will the exchange rate be better for us Brits or would it become worse?

    better if you have a shed load of $ but worse if you wanna buy em.

    Jackie Chan;3373349

    better if you have a shed load of $ but worse if you wanna buy em.



    Why is that exactly?

    Before the credit crunch £1 = $2.

    Now £1 = $1.6

    Surely if their economy was to strengthen it would mean that the exchange rate would return to what it was a few months ago?

    Original Poster

    if $ is stronger, it means it's better for them means they can then afford to come here for holiday for less $. if the $ is stronger, £ is cheaper to buy.

    similar to € is stronger at the moment, compared to a year ago when it was us enjoying a strong £ and got more out of the holiday in europe.
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