Worth holding account until dollar gains slightly?

I'm in the UK, and with the exchange rate currently hovering around 2$ / GBP would it be worth placing a payment hold on my account until things sort themselves out??

 

A year ago the exchange rate was ~1.8 - so US$100= 55 GBP
Today the exchange rate is ~2.0 = so US$100= 50 GBP .. a difference of only 5 GBP

I don't see the trend reversing. see trend chart: http://finance.yahoo.com/currency/convert?amt=1&from=GBP&to=USD&submit=Convert

 

If it was in bank, would have considered it. With adsense no way!

 

I wonder when will the dollar 'gain slightly'.

I wouldn't expect that to happen anytime soon.

 

I work for a bank and i can tell you that it's not going to happen overnight. either the fed reseve or US bank buy dollars in massive amount to reverse the trend. The only thing to be positive about is the month end oil payments, so possible many forex repo hedge will be expiring, hopefully a bit of correction in first week of may.

Overall US economy is not doing well, its highly unlikely it will go up but it might stabilise. Dont expect to turn the tables overnight. End of may might see some appreciation though.

 

huhuhuhu yeah the US$ is plunging fast....

 

Take it and spend it
It will take time for usd to recover.

 

I also suggest you to take it ! Its really risky to hold your account as it is the possibility that you may be banned and so you can loose everything !

Thanks

Olgi

 

I wouldn't hold for exchange rate because you'll only get peanuts after so many months. I do it only to save my secure check delivery fee.

 

The UK has EFT. Better to take the money ASAP and earn interest in your bank.

 

Some years ago 1$ was 1€, or almost. Now, I earned 130$ but received 95€

 

The U.S. and the GBP don't change that much. I would only wait if you make a lot of money

 

haha yeah, that sux**s a bit

 

As i posted in another thread don't keep your dollars guys