Money Transfers: Pound strength means now is the time to buy US dollars as forecasters warn of decline

Will the pound continue to strengthen against the dollar, or will the pound start to weaken? The pound last saw comparable strength to the US dollar in May of this year - today's 1.6198 means the GBP/USD exchange rate is at the upper end of a band of exchange rate's that has been dominating play in this currency pair since mid 2010.

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