Don't blame Canada. They should look to their own Government.

$1.48 today.....this is not good at all....i was speaking to a person who works at moneycorp who advised that it will only get worse before it even thinks of getting better, also the reason the value against the £ is falling is due to the fact we may have a minority goverment come in at the next elections and that will cause further issues......

It is bad but I take it you're quoting the US dollar rate at 1.48? The Canadian dollar has managed, so far, to stay in the 1.50's.....for now at least. Currently sitting at something like $1.53, don't talk it down even more

umm no the Canadian dollar....Well that is according to a website i normallyu have a look at...Maybe i am looking at the wrong exchange rate website?

Well for my own purely selfish reasons, i hope the £ tanks even further against the CAD and remains so for at least the next 5 years

Why? Lol!

Cos it helps cover expenditure in £'s whilst earning CAD

I wish it wasn't true. Have to transfer my house money before the end of the month. I feel sick

Pebblebeach,

I totally sympathise with you and others in that situation. I don't know whether to transfer my money now and take a hit or just hold on but then I expect it to drop even further.

I personally can't see how Stirling can rally itself up again. I'm no financial expert but lets face it there is no confidence in the British Government and that to me suggests political instability which I assume is having the dramatic effect on the currency. With Darling having the budget on March 23rd, I'm guessing it may sink even lower then?

The balance of trade was worse than expected and the market is worried about a hung parliament after the general election. I would expect it to start going up again after the election unless it really is a hung parliament - then who knows.

My view: The Canadian economy isn't as good as reported and the UK economy isn't as bad as reported. 1.50 is intuitively too low; but that doesn't mean it won't go lower; at least in the short term.

In the short term it does look bleak.

Factory Output in the UK has dipped again suggesting the current recovery is weak.

They are worried that a hung parliament will slow the decision making process in terms of cutting costs

Confidence in Canada is excellent.

And many many more factors.

I am fortunate to now be earning in cdn dollars but I have a substantial amount of money in the UK still.

However things do change and historically (the last 30 years) the pound and CDN dollar have hovered around 2 for 1. Whilst using a chart is very basic forecasting I still see the current exchange rate eventually improving in the pounds favour and the 2 for 1 eventually restoring.

It basically needs an outright party victory, several more quarters of UK growth and some positive responses to the new government's budget proposals.

There are factors on the Canadian side aswell but pretty much everything reported here is rosey at the moment and it is viewed as the currency to hold. I guess what I am saying is the only way is down.

Still it is a very tough time to move across. I came in January with 3000 pounds and had way more dollars for my money when I came out last time on BUNAC in 2004.

Why?

Is it not possible that the future could be different?

Me too. The lower the better. It makes my holiday back to the UK even cheaper. I love Gordon Brown and his ferret-looking chancellor.

I do not think so. Based on the fact that business cycles move in trends. Maybe if there was a major catastrophe or major war it could alter the course of the future but left to market forces I believe it will level out and return to that 2 for 1 level- otherwise the purchasing parity's are too distorted relevant to earnings.

It makes all of those ENIC ticket price hikes at White Hart Lane seem insignificant!