Exchange rate
#1772
Joined: Sep 2008
Posts: 12,830
Re: Exchange rate
GBP tweaked $1.90 yesterday, but not for long.
#1774
BE Enthusiast
Joined: Apr 2008
Location: Barrie
Posts: 349
Re: Exchange rate
Why do you think that? Gordon Brown is a lunatic and together with Darling they are destroying our economy. The only serious industry we have in this country now is financial services. If you include the off balance sheet stuff like PFI, public sector pensions and the recent gamble on the financial markets, our national debt is massive. Our levels of personal indebtedness are terrifying, and we are going to have 3-4 million unemployed by 2011. Canada isn't the best economy in the world, but I'd like to know why you think the Canadian currency is a better bet than ours? Seriously, tell me, maybe I'm missing something.
#1778
BE Enthusiast
Joined: Apr 2008
Location: Barrie
Posts: 349
Re: Exchange rate
I applied for my HSBC account last week and am waiting to transfer ten grand...lost 500 quid in a week. We have complete monkies running the country, if they'r enot careful this is goint o turn into a rout.
#1779
Re: Exchange rate
Be grateful you're not going to Spain or Ireland - probably be crying right now....
#1781
Re: Exchange rate
Why do you think that? Gordon Brown is a lunatic and together with Darling they are destroying our economy. The only serious industry we have in this country now is financial services. If you include the off balance sheet stuff like PFI, public sector pensions and the recent gamble on the financial markets, our national debt is massive. Our levels of personal indebtedness are terrifying, and we are going to have 3-4 million unemployed by 2011. Canada isn't the best economy in the world, but I'd like to know why you think the Canadian currency is a better bet than ours? Seriously, tell me, maybe I'm missing something.
#1782
Just Joined
Joined: Dec 2008
Location: North Vancouver
Posts: 13
Re: Exchange rate
Hi all - first post for me. I'd suggest that Moneycorp's daily / weekly update on the CAD exchange rate is well worth a read... their view is the same as many traders (who are taking large positions) on the pound recovering somewhat in January and again over the course of the next 6 months or so.
There is a definite lag in the Canadian economy compared to the UK one and the £ is still getting a media kicking. Having said that - we're all just guessing at the end of the day...
There is a definite lag in the Canadian economy compared to the UK one and the £ is still getting a media kicking. Having said that - we're all just guessing at the end of the day...
#1783
Re: Exchange rate
That's unfair, Monkeys are intelligent and loveable. I'm sure the exchange rate will improve again once I've returned from my recce in February, it usually does.
#1785
Re: Exchange rate
Just my two pence worth.