Exchange Rate
#1
BE Enthusiast
Thread Starter
Joined: Dec 2016
Location: St Catharines, Ontario From Bournemouth UK
Posts: 417
Exchange Rate
Glad to see the £ is getting a bid today and now above $1.71. Target upside in the short term is $1.73 and hopefully a retest of $1.77 if the BOE announce the possibility of more interest rate rises in 2018.
For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013
For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013
#2
Re: Exchange Rate
Glad to see the £ is getting a bid today and now above $1.71. Target upside in the short term is $1.73 and hopefully a retest of $1.77 if the BOE announce the possibility of more interest rate rises in 2018.
For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013
For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013
At the end of the day of course even the experts don't know.
Absolutely agree with you about getting BREXIT resolved soon, or at least starting trade talks. All of this politically inspired nonsense is hurting real people who want to get on with their lives!
#3
BE Enthusiast
Thread Starter
Joined: Dec 2016
Location: St Catharines, Ontario From Bournemouth UK
Posts: 417
Re: Exchange Rate
Sterling spikes as chief Brexit negotiator Michel Barnier indicates that he is ready to speed up Brexit talk
Pound spikes as Michel Barnier says he's ready to speed up Brexit talks
Pound spikes as Michel Barnier says he's ready to speed up Brexit talks
#5
Re: Exchange Rate
But hey - who knows!
Last edited by Jerseygirl; Nov 1st 2017 at 4:08 pm. Reason: Typo in quote
#6
Re: Exchange Rate
I had the option of that exchange rate right upto the BREXIT vote, I moved three weeks later having not taken advantage of that rate. Now I'm earning big bucks in Canada, I want it the other way, bring back 1.50!
#8
Re: Exchange Rate
$1.672 today post-BOE rate rise - significantly below the 1.71 it was at immediately before. Shows you how hard things are to predict.
Glad I tranferred a tranche a day earlier at 1.70.
Glad I tranferred a tranche a day earlier at 1.70.
#10
BE Enthusiast
Thread Starter
Joined: Dec 2016
Location: St Catharines, Ontario From Bournemouth UK
Posts: 417
Re: Exchange Rate
GBPCAD hovering close to $1.70 this morning.
Let's hope the UK government starts Trade talks with the EU in December and the exchange rate can pop up to $1.75
Last 5 years GBPCAD
Highest: 2.0978
Lowest: 1.5237
Difference: 0.5741
Average: 1.7682
Let's hope the UK government starts Trade talks with the EU in December and the exchange rate can pop up to $1.75
Last 5 years GBPCAD
Highest: 2.0978
Lowest: 1.5237
Difference: 0.5741
Average: 1.7682
Last edited by glendem4; Nov 21st 2017 at 8:48 am.
#11
BE Enthusiast
Thread Starter
Joined: Dec 2016
Location: St Catharines, Ontario From Bournemouth UK
Posts: 417
Re: Exchange Rate
$1.71453 this morning. Several news items could boost the £ if Russia pulls out of the agreement to limit oil production at the next OPEC meeting on Thursday and the EU and UK agree talks can proceed on trade on Monday 4th December. Recent low on 13 November at $1.66 and high of $1.715 on 01 November
#12
Re: Exchange Rate
$1.71453 this morning. Several news items could boost the £ if Russia pulls out of the agreement to limit oil production at the next OPEC meeting on Thursday and the EU and UK agree talks can proceed on trade on Monday 4th December. Recent low on 13 November at $1.66 and high of $1.715 on 01 November
#13
Forum Regular
Joined: Dec 2016
Location: N Ireland to Cape Breton Island
Posts: 116
Re: Exchange Rate
$1.74 tonight... can someone let us know when it is at it's peak..
Let's hope it keeps rising
Let's hope it keeps rising
#14
Re: Exchange Rate
$1.71453 this morning. Several news items could boost the £ if Russia pulls out of the agreement to limit oil production at the next OPEC meeting on Thursday and the EU and UK agree talks can proceed on trade on Monday 4th December. Recent low on 13 November at $1.66 and high of $1.715 on 01 November
#15
Re: Exchange Rate
Peaked overnight but managed to get 1.745 yesterday, fell today as canadian figures came out that was much expected to be good. Currently 1.718.