Clueless...Why is the GBP having such a smooth upward move?

bee

May or may not have anything to do with mutual funds, but I wonder what has allowed the the British pound to appreciate so much over this last year with very little volitality?

Currency has appreciated almost 20% over the last year...not a bad return for just holding cash!

heezsafe

@bee Bee, what's come over you? Are you now considering becoming a currency trader? For cryin' out loud, that would not be compatible with hovering over our parent's medical concerns (which can turn on...a...dime). Gotta remain nimble, you know.

scott

I took some money out of GBP very recently that had been put in in the low-to-mid $1.50 area. People were really negative on GBP a year or two ago, but boy, it's had quite a move on what has seemed like only *mildly* improving fundamentals.

Ted

@bee: For your information.
Regards,
Ted
Pound Sterling Forecast:
http://www.poundsterlingforecast.com/

bee

I want to grow "my portfoilio" up to be just like Scott's... nice job! Making money on money! Now don't tell me you also parked it in a British CD making an additional 7%.

Heezsafe must be mix it up with the Brits as well...sorry for turning on the light.

Everyone...go on back to your TV programs and turn up the volume...ignore the man with the wheelbarrow of BPS.

Thanks Ted for the Link.

scott

Thanks for the kind words - I definitely make mistakes and have some unintentional successes. This was the latter - I have had a small handful of odds and ends investments in London (so bought in GBP). Trimmed some of them back and moved GBP back to USD and put proceeds in other investments. I didn't expect the kind of run that GBP has had.