07 Dec 2016

A question about : Getting $$$ now or after Scotland decides?

Seriously thinking about getting my $$$ now for an up and coming holiday to the states in 3 weeks as I am concerned about the rate dipping if the result is a YES when Scotland votes on the referendum or once the vote is known either way will the markets stabilise?

Nothing changes until 2016 that's when indpendence kicks in...

Thoughts?

Best answers:

  • There was an estimate that cable rate (USD/GBP) might dip by 10% within 7 days of a yes vote.
    However that was just one financial advisors prediction...
  • jeez that would drop it down to 1.40 to the Ј1. its a gamble to wait I suppose now to decide if i am a gambling man!
    Knocks off about $200 in my pocket if it dropped to 1.40
  • thought Id find a link to it (it was on BBC radio 4 Today programme and was tweeted as well)
    https://twitter.com/BBCr4today/statu...58862685585408
    George Godber is a fund manager for Miton I think.
  • I purchase USD commercially ( not millions but several hundred thousand over the course if a year) spoke to my foreign exchange guy today on general view within his office, a No vote would see $ 1.70 to the Ј1 within a few weeks returning and a Yes vote would see a $ 1.50/55 range to the Ј1 within a few days.
    So many different views as in truth know one really knows.
    Bookies are offering 1/5 for a No vote and up to 4/1 for a Yes vote.
    Not often they are wrong but in a straight 2 horse race with so many voters still sitting on the fence cannot say I would take any if those odds.
    I would look for highest rate now and buy and if it's Yes get a pat on the back and if it's No then you might miss out on a steak dinner for 2 !
  • Sit on the fence and buy half now to lock in the current rate.
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