Created Sat 31st Oct 5:42am PST by

US dollar: up or down vs. the £ ? Which will come first: $1.70 or $1.60 by Nov. 30, 2009?

Background: The British pound peaked at about 2.11 US$ back in Nov 2008. The dollar got stronger and the pound dropped like a rock in the fall and the £ started this year just shy of $ US 1.46. It dropped to a low of 1.372 in early March. Subsequently, the pound rose sharply against the $, rising as high as $1.71. Currently, the rate is $1.6447 = 1 £, up from $1.58 in early Oct. What can we expect next? Will the pound continue to rise, or will the greenback fight back?

So, the question is: will the value of the £ drop to $1.60 or less, rise to $1.70 or more, or remain between the two values by the end of trading on Nov. 30, 2009? Settlement will be based on closing price as reported on www.finance.yahoo.com between now and end of trading on November 30, 2009.

Settlement details:As reported by a major mainstream news source. for example, http://finance.yahoo.com/currency-investing

Forecast history %

£ drops to $1.60 or below - the dollar rocks

13%

£ rises to $1.70 or more - the $ swoons

17%

£ does neither by Nov 30, 2009, inclusive

70%

Question suspends in 4 days

Activity: H$4,691
Predictions: 11
Comments: 0

Suspend date: Wed 25th Nov 7:59pm PST (4 days to go)

Initial likelihoods: £ drops to $1.60 or below - the dollar rocks: 33%, £ rises to $1.70 or more - the $ swoons: 33%, £ does neither by Nov 30, 2009, inclusive: 34%

Action history:

Created Sat 31st Oct 5:42am PST by

tuff_sledding [Power User]

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