Whats going on, is it ever likely to start going back up again. 2.12 to the pound!!!!!!!

could it go lower than 2.10???

Ouch. I've been scared to check the rate since I transferred my savings in case it went up, I hadn't realised it had dropped that low!

Personally I'm budgetting on the assumption that I get $2.00 to the pound for whatever money I have when I emigrate... if oil keeps going up and the British economy keeps going down, it could easily drop that low. If the pound goes up, all the better .

Hopefully oil and the US dollar will drop over the next year (seems to be quite a lot of bad economic news coming out of America now) and we may see $2.20+ again.

Yes, I believe it could go lower than $2.10.

The BoE is in a difficult position, GBP is down against the USD and the Fed is talking of raising interest rates next month (in spite of the Katrina damage). If the BoE raises interest rates to stop the slide of GBP vs USD then it's likely that the UK housing market will tank as people's debt get harder to service.

If they don't raise interest rates and GBP slides vs USD then oil gets more expensive for the UK and petrol and other prices rise causing inflation.

Good point: the Canadian dollar is probably up today because of the German elections pushing the Euro down and the expectation of an interest rate rise tomorrow pushing the US dollar up.

Edit: oh, and the new hurricane scare pushing oil up again.

Things could change if/when the election happens overhere

Blimey.....thats gonna hurt people who are about to exchange.

It looks like it is down to oil prices and the speculation of US raising their rates which in turn means its likely that Canada will raise interest rates too making its currency more popular and making it stronger

will it go over 2.20 in the near future????

Current actual rate of exchange at the TD Bank in Canada.

Converting pounds to dollars 2.0626
Converting dollars to pounds 2.1473

Rates as of 1:00 pm EDT September 19th

TD Foreign Exchange Calculator

Cheers
Steve

Or while away the hours at work staring at the market rates (note that these are not the same as commercial bank rates or tourist rates).

http://newsvote.bbc.co.uk/1/shared/f...3/intraday.stm

If you want to look at the big picture, here is a graph of the last 5 years:
http://finance.yahoo.com/q/bc?s=GBPC...=on&z=m&q=l&c=
(sometimes it will say not available, just refresh until it shows)

And a five-year against the US dollar: I can see now why exporters are complaining about the value of the Canadian dollar!

http://finance.yahoo.com/currency/co...USD&amt=1&t=5y

Me too, I get paid in US dollars so this is like a pay cut to me. :-(

Doctor Who told me it went down to 2 to 1 in 2006 !!!!!!!!!!!!!!!!!