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The GBP Looks To Hit $2 Mark

Posted on December 1st, 2006 by James Alliss.
Categories: News.

The Great British Pound reaches the highest levels since 1990! 

GBP has almost hit the $2 mark. What this means is that for every £1 you hand over the counter at your local foreign currency exchange, you’ll get almost $2 in return. If for example a Sony Laptop costs $1,000 you could pick it up for around £500!  Now is the time to import those goods from the USA and if you’ve always thought about travelling to the US then do it now. You might want to jump onto the US Ebay site and start grabbing some bargains for Christmas before it’s too late.  

I personally believe we’re coming to the end of this solid up move by the GBP due to implied volatility levels, if it does hit the $2 mark (which looks likely) then I will be trading it on the way back down. 

James Alliss.  

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