Ackislander

There is enormous wisdom in what flanner writes after his second paragraph, and it is absolutely accurate in the United States as well.

annhig

At least one of the members of my pro-remain ""hermetically sealed bubble is otherwise a dyed in the wool Thatcherite and I know that there are several more who by no means share my liberal tendencies.

"It's the economy, stupid" just about sums it up.

janisj

>>and it is absolutely accurate in the United States as well.

rachill_az

Going to England in June 2017. I booked most of my accommodation nights through hotels.com which gives me the option to "pay now in USD" or "pay later in local currency". Any advice on what I should do? Is it safer to pay now using the current exchange rate? Or wait until June? I'd rather wait to pay, but I fear that the dollar might not get me as much as it does now.

janisj

>>Is it safer to pay now using the current exchange rate? Or wait until June?

MmePerdu

If you want to pay later, pay later. It's a crap shoot, neither is innately "safer" and for most of us, just not worth worrying. Find something more interesting to think about.

Havana128

suppose currecny there is linked to Pound (didn't check and never been yet).

Shoot me. Just shoot me.

annhig

rachill - if you pay now, you effectively give the hotel your money for about 9 months; also if your plans change you've probably lost it.

you could hedge your bets by buying some sterling now; you'll need it anyway, and if you didn't travel for some reason, you can sell it back.

PalenQ

ask George Soros about the Pound's future this year -he always has the inside dope.

If Scotland ever opts out of UK watch the Pound soar back up.

Pity the poor folks who a year ago brought home extra pounds to start their next trip

exchange rates IME of long observations are hard to predict- I agree with janis on this.

but even at current rates London will still be rather expensive - not as much as before but no bargain. We'll see how inflation goes too.

willit

If some of the predictions are right, one of the major impacts of Brexit will start being felt in the run up to, or immediately after Christmas (the latter if supermarkets try to buffer the market) - when the 20% drop in the value of sterling starts to really hit food prices.

It is amazing that nobody saw this coming ;-) maybe because "The British people are tired of Experts"