Re: Exchange rate
 

I was expecting the rate to have improved this week. With all the poor news/indicators emanating from Europe, I was surprised the Euro didn't tank; Sterling usually benefiting, as the alternate (major) European currency.

I hope the rate improves toward 1.95 shortly, or our Canadian dream will remain exactly that! :unsure:

J2FCM

Re: Exchange rate
 

So, your first post.... welcome to the forum!

Even if the Euro tanked, I doubt it would affect the GBP / CAD rate, but I'm no dealer so am not sure.

The pound seems to keep starting to go back to average (about 2 ish) and then some knob head in No. 10 opens his gob and ruins everything!

Re: Exchange rate
 

The pound seems to keep starting to go back to average (about 2 ish) and then some knob head in No. 10 opens his gob and ruins everything![/QUOTE]



... they are doing it on purpose now to keep the pound down.

Re: Exchange rate
 

The general trend for the pound is downward to the doller, don't see it bouncing back to 1=$2 anytime soon.

Don't know what other people use to track the exchange rate but I find google finance is the best place. Gives you a chart, related news on the timeline.

Re: Exchange rate
 

Agree about Google Finance... a veritable 'one stop shop'!

Not sure that anyone can do much more than guess at the medium / longer term rates for Sterling / CAD, but my own gut feel is that a (gentle?) climb towards 1.85 is probable and even 1.90 is possible over the summer.

Obviously it's just another guess really, but I think the UK cycle is ahead of ours and Canada's economy will dip a bit more before flattening out.

Ahhh - who cares... the sun is shining, the mountains look stunning and I'm buying a BBQ this weekend! :D

Re: Exchange rate
 

Hi
Hopefully a nice steady climb for the pound,
Todays canadian interest rate cut should help.
cheers
Jerry

Re: Exchange rate
 

Yup - fingers crossed...

Re: Exchange rate
 

And then mr. comedy eyebrows delivered the UK budget.... we can't win.:frown:

Re: Exchange rate
 

http://4.bp.blogspot.com/_xEw_wnCvE_..._the_eagle.jpg

Darling is irritating as hell

Re: Exchange rate
 

On the 3 months chart there seems to be a relatively strong resistance at about 1.82. If the price can break through there it may go a fair bit higher. Conversely, if drops below 1.77 I reckon it may dip further. Since Canada is a country that relies on it's exports then the Canadian government would not want to see the cad do too well over the next year. Weak cad may do a lot to keep Canada ticking over in the coming year.

Re: Exchange rate
 

I think the blue guy in the picture has more idea about whats going on than Darling or Brown

Re: Exchange rate
 

Could be worse, I just took a look at my RRSP I transferred from a company scheme in the UK last year.

I'm going to have a lie down in a darkened room.

Re: Exchange rate
 

Hi
Probably knows more than most politicians...maybe Jim Henson created all of them.:rofl:

But back to the thread..
at least the line has turned the right way again :)
(appx 1.795 and climbing )
cheers
Jerry

Re: Exchange rate
 

OK so if GBP is getting stronger against the EUR & USD why does it seem to be getting weaker against the CAD?

Or is it that the EUR & USD are getting weaker and the CAD is getting stronger in general and the GBP is just reacting accordingly?

Re: Exchange rate
 

In theory - CAD is mainly driven by commodities. As the global economy shows signs of recovery, oil price increase and so does the CAD.

CAD is up against USD - which sucks cause I get paid in USD :frown: