montpro

At $1.50 yes I would sell move the 'money' back to the UK, either that or remortgage and send the money back for a while. Plus I think hitting $1.50 will see a major correction in the opposite direction.

As already mentioned this is purely crystal ball gazing though

TheBear

$1.72, getting near multiyear lows. I reckon we'll be seeing 1.6X by the end of October unless the BOE starts to make more hawkish noises. There is still the possibility of a run on the pound with lows around $1.50. Although our monetary policy is no worse than the US, our currency and economy are fairly insignificant i.e. we're not too big to fail. We are to the US as Iceland was to us.

Londonuck

the pendulum always swings back

TheBear

Say that to the Romans! Our country is changing forever due to the New Labour project, they have dumbed down our education system, allowed the total debasing of our economy and destroyed our culture. What is left is a nation that is so stupid it thinks it can become wealthy by selling houses to each other or winning a reality TV show, a nation with no identity because it has been flooded with uneducated immigrants and abandonded its own culture in favour of a multicultural mishmash of mediocrity and a nation so indebted that it will be decades before we are truly productive again.

I know Canada is equally multicutural, but I don't mind that because it never had a culture to start off with. The immigrants there are much like me, well educated (probably better educated than the locals). Although they have large public debts, they have the infrastructural assets and commodities to pay them off without placing a millstone around the neck of the populous. Shame about the neigbours though

Dave+Jules

Fredericton is still pretty buoyant I think 5% gain in property prices this last year. (think being the operative word)

Dave+Jules

I wouldn't consider selling and moving back even if it was below $1.50. We have too much invested emotionally in the move to go back for a financial gamble.

We came for a new life not financial gain.

MarkG

Given that the UK is suffering through its worst financial disaster since the last Labour government, with the pound barely more valuable than toilet paper, one might then conclude that the BoE has been an utter failure.

Bali2010

Reality TV is the fault of New Labour?
I must have missed that policy

Alan2005

One might well do just that. The BoE does not appear to be immune from political pressure despite their supposed independence.

NotTooShabby

Yup. Seriously considered it and decided to do it. House went on the market today, plenty of interest, hope to have a deal this time next week and looking forward to going home.

TheBear

$1.71

paolosmythe

with regard to the current CAD - GBP exchange rate....

HOLY CRAP!!!!!


*message ends*

Deva

It's interesting to go back to the start of this thread and see people complaining about $2.25. Those were the days!

Luckyone

Yes, and that was only on Apr 17th 2007, what's that about 30 months ago? Easy to see why some folks are calling for the $1.50's eh?

Alan2005

Yes, 1.7080 according to the BBC. Not sure why the it's dropping so much as the Canadian economy didn't grow in July which surprised economists (though why they were surprised is anybodies guess).

You must have only been here a week or two - how you finding it?