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Old May 5th 2006 | 12:43 pm
  #16  
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Default Re: Exchange rate

I got $1.99 in Feb 2006

Hope I will get a bit more on the next transfer though!

Mark
 
Old May 6th 2006 | 1:34 am
  #17  
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Default Re: Exchange rate

Originally Posted by mjanovitz
I got $1.99 in Feb 2006

Hope I will get a bit more on the next transfer though!

Mark

OUch!!!
 
Old May 6th 2006 | 1:35 pm
  #18  
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Default Re: Exchange rate

According to the Independent, the markets are expecting UK interest rates to be 5% by the end of the year. So hopefully that will push up exchange rates a bit even if Canadian rates continue to rise.

http://news.independent.co.uk/busine...icle362431.ece

Indeed, a quick glance at the prices of financial futures contracts shows that traders expect the Bank of England base rate to rise to 5 per cent by the end of this year, with the first increase in late summer or early autumn.
 
Old May 8th 2006 | 12:22 am
  #19  
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Default Re: Exchange rate

I got 1.97 3 weeks ago (after currency company take their cut), it's up to 2.06 today
I think I'll stop watching it now
 
Old May 8th 2006 | 1:06 am
  #20  
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Default Re: Exchange rate

Just hit $2.07!! now if it can keep going up till next summer.....!!!
 
Old May 8th 2006 | 5:22 am
  #21  
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Default Re: Exchange rate

Originally Posted by deangb
Just hit $2.07!! now if it can keep going up till next summer.....!!!
Everyone start praying, pray hard I tell you, HARDER !!!!!!!!!!!!!!!
 
Old May 11th 2006 | 9:06 pm
  #22  
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Default Re: Exchange rate

Just checked www.xe.com and it's up to $2.085!!

KEEP PRAYING PEOPLE!!!!!
 
Old May 11th 2006 | 9:57 pm
  #23  
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Default Re: Exchange rate

Originally Posted by deangb
Just checked www.xe.com and it's up to $2.085!!

KEEP PRAYING PEOPLE!!!!!

My forecast is on schedule! "2.20 in August or thereabouts !"
 
Old May 11th 2006 | 10:06 pm
  #24  
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Default Re: Exchange rate

We were able to get $2.30-2.45 last September, when we came over to put money down for the house were are building in Hamilton.

Not liking this $2.02 malarky at all
 
Old May 11th 2006 | 11:10 pm
  #25  
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Default Re: Exchange rate

$2.0904 on Yahoo finance right now.

A continued US dollar drop and a rate rise or two in the UK and we'll be sorted .
 
Old May 11th 2006 | 11:39 pm
  #26  
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Default Re: Exchange rate

Higher interest rates appears to be the next move after the BoE predicted that inflation would hit its target level in the next couple years.

With recent robust macro economic indicators coupled with high energy costs, many analyst are predicting that an upward move in rates is a near possibility.

But, I do not follow this view, the UK economy is somewhat recovering but not to a point to push the BoE to raise rates in the near future. As for inflation its very well contained with no pass-through.

So, guys my bet is $2.15

P.S: Canadian rates are going up for sure
 
Old May 11th 2006 | 11:51 pm
  #27  
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Default Re: Exchange rate

Originally Posted by Relix
So, guys my bet is $2.15
HIGHER!

$2.16



 
Old May 12th 2006 | 12:00 am
  #28  
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Default Re: Exchange rate

As for inflation its very well contained with no pass-through.
You call 20+% rises in gas prices 'no pass-through'? Not to mention a trebling of house prices in many areas over the last six or seven years?

The primary reason why Brown has been able to fiddle the figures to claim there's no significant inflation is because the cost of imports has been dropping (e.g. the vast masses of 20 quid DVD players from China). Last I read the cost of imports was rising, so that's hardly good news for inflation fiddlers.

Certainly almost everything I buy is up by far more than the claimed 2%, and most of the rest is down in quality at the same price.
 
Old May 12th 2006 | 2:06 am
  #29  
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Default Re: Exchange rate

$2.0948 on Yahoo now.

Pretty soon I'll have to think about maybe moving my ISA over...
 
Old May 12th 2006 | 6:08 am
  #30  
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Default Re: Exchange rate

2.0972 on XE. Come on keep going!!
 


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