|
Re: Exchange rate
Mandy, nothing to do with foot and mouth in my opinion....a strong rumour came out of the forex markets today that the Bank of England are going to cut rates at their next meeting. This was after a speech this morning by Mervin King head of Bank of England.
Obviously, as i have explained before if you cut rates the currency becomes less attractive, therefore if this rumour turns out to be true then sterling will weaken giving us all a shittier rate. For what it is worth, i expect Bank of England to cut next month. Chris |
Re: Exchange rate
Originally Posted by cneldred
(Post 5303655)
Mandy, nothing to do with foot and mouth in my opinion....a strong rumour came out of the forex markets today that the Bank of England are going to cut rates at their next meeting. This was after a speech this morning by Mervin King head of Bank of England.
Obviously, as i have explained before if you cut rates the currency becomes less attractive, therefore if this rumour turns out to be true then sterling will weaken giving us all a shittier rate. For what it is worth, i expect Bank of England to cut next month. Chris Spoken with Scheider, thank you. Do you think we will see 2.14 again over the next couple of weeks?? Julian |
Re: Exchange rate
if it is going to happen it will be next tuesday night...if the US federal reserve cut rates by more than 25bp, then i think you will see 2.14 plus.
7.15pm london time next tuesday....watch either Bloomberg or CNBC tv to see the decision. Chris |
Re: Exchange rate
Originally Posted by cneldred
(Post 5303736)
if it is going to happen it will be next tuesday night...if the US federal reserve cut rates by more than 25bp, then i think you will see 2.14 plus.
7.15pm london time next tuesday....watch either Bloomberg or CNBC tv to see the decision. Chris Whats the chances of the cut and how quick will this affect the rates...outside chance more than 2.14. thanks Julian |
Re: Exchange rate
the fed WILL cut, the question is how much.....25bp is in the market, however possibility of anything up to 100bp. If they do more than 25bp then dollar will weaken and i expect CAD$ to follow.
As i stated earlier i expect the Bank of England to cut next month aswell, but that is 3 weeks away. Markets all focused on next tuesday. Chris |
Re: Exchange rate
Conversion Table: GBP to CAD (Interbank rate)
Time period: 09/06/06 to 09/12/07. Daily averages: 09/06/2006 2.10870 09/07/2006 2.09780 09/08/2006 2.08210 09/09/2006 2.08360 09/10/2006 2.09170 09/11/2006 2.09170 09/12/2006 2.0910 09/13/2006 2.09510 09/14/2006 2.10020 09/15/2006 2.10440 09/16/2006 2.10780 09/17/2006 2.10660 09/18/2006 2.10640 09/19/2006 2.10310 09/20/2006 2.10850 09/21/2006 2.12460 09/22/2006 2.13020 09/23/2006 2.12670 09/24/2006 2.12520 09/25/2006 2.12510 09/26/2006 2.12530 09/27/2006 2.11830 09/28/2006 2.10850 09/29/2006 2.09220 09/30/2006 2.08630 10/01/2006 2.09460 10/02/2006 2.09470 10/03/2006 2.09810 10/04/2006 2.11020 10/05/2006 2.12060 10/06/2006 2.12150 10/07/2006 2.11140 10/08/2006 2.10710 10/09/2006 2.10710 10/10/2006 2.10220 10/11/2006 2.09940 10/12/2006 2.10580 10/13/2006 2.11040 10/14/2006 2.11020 10/15/2006 2.11340 10/16/2006 2.11340 10/17/2006 2.11440 10/18/2006 2.12290 10/19/2006 2.13060 10/20/2006 2.12390 10/21/2006 2.11840 10/22/2006 2.12120 10/23/2006 2.12120 10/24/2006 2.11520 10/25/2006 2.11390 10/26/2006 2.11380 10/27/2006 2.11790 10/28/2006 2.12420 10/29/2006 2.12690 10/30/2006 2.12690 10/31/2006 2.12950 11/01/2006 2.14040 11/02/2006 2.1520 11/03/2006 2.16270 11/04/2006 2.15880 11/05/2006 2.14960 11/06/2006 2.14970 11/07/2006 2.14920 11/08/2006 2.14930 11/09/2006 2.15440 11/10/2006 2.15370 11/11/2006 2.15760 11/12/2006 2.16460 11/13/2006 2.1650 11/14/2006 2.16450 11/15/2006 2.16310 11/16/2006 2.15520 11/17/2006 2.15270 11/18/2006 2.16010 11/19/2006 2.17430 11/20/2006 2.17490 11/21/2006 2.1720 11/22/2006 2.17660 11/23/2006 2.18030 11/24/2006 2.18630 11/25/2006 2.18920 11/26/2006 2.19430 11/27/2006 2.19480 11/28/2006 2.19710 11/29/2006 2.19910 11/30/2006 2.21270 12/01/2006 2.22650 12/02/2006 2.25020 12/03/2006 2.26950 12/04/2006 2.26940 12/05/2006 2.26450 12/06/2006 2.25620 12/07/2006 2.25350 12/08/2006 2.25780 12/09/2006 2.2550 12/10/2006 2.24860 12/11/2006 2.24860 12/12/2006 2.24330 12/13/2006 2.25630 12/14/2006 2.27020 12/15/2006 2.27290 12/16/2006 2.26650 12/17/2006 2.26190 12/18/2006 2.2620 12/19/2006 2.25910 12/20/2006 2.26180 12/21/2006 2.26750 12/22/2006 2.25990 12/23/2006 2.26750 12/24/2006 2.27010 12/25/2006 2.27020 12/26/2006 2.27090 12/27/2006 2.27070 12/28/2006 2.2740 12/29/2006 2.27460 12/30/2006 2.27840 12/31/2006 2.28510 01/01/2007 2.28510 01/02/2007 2.28510 01/03/2007 2.29240 01/04/2007 2.29510 01/05/2007 2.28660 01/06/2007 2.28060 01/07/2007 2.26480 01/08/2007 2.26480 01/09/2007 2.26990 01/10/2007 2.28270 01/11/2007 2.28030 01/12/2007 2.27780 01/13/2007 2.29010 01/14/2007 2.29440 01/15/2007 2.29470 01/16/2007 2.29420 01/17/2007 2.2970 01/18/2007 2.30940 01/19/2007 2.31520 01/20/2007 2.31710 01/21/2007 2.31550 01/22/2007 2.31560 01/23/2007 2.32010 01/24/2007 2.34240 01/25/2007 2.33380 01/26/2007 2.320 01/27/2007 2.32070 01/28/2007 2.31330 01/29/2007 2.31330 01/30/2007 2.31390 01/31/2007 2.32130 02/01/2007 2.3130 02/02/2007 2.31460 02/03/2007 2.32420 02/04/2007 2.33020 02/05/2007 2.330 02/06/2007 2.32450 02/07/2007 2.32320 02/08/2007 2.33140 02/09/2007 2.33090 02/10/2007 2.3070 02/11/2007 2.28630 02/12/2007 2.28630 02/13/2007 2.28920 02/14/2007 2.28360 02/15/2007 2.27890 02/16/2007 2.28380 02/17/2007 2.27110 02/18/2007 2.26960 02/19/2007 2.26960 02/20/2007 2.27230 02/21/2007 2.27670 02/22/2007 2.28230 02/23/2007 2.26830 02/24/2007 2.27430 02/25/2007 2.27860 02/26/2007 2.27870 02/27/2007 2.2770 02/28/2007 2.2810 03/01/2007 2.29070 03/02/2007 2.29640 03/03/2007 2.29180 03/04/2007 2.2910 03/05/2007 2.29220 03/06/2007 2.27320 03/07/2007 2.26960 03/08/2007 2.27250 03/09/2007 2.27690 03/10/2007 2.2740 03/11/2007 2.26650 03/12/2007 2.26690 03/13/2007 2.26630 03/14/2007 2.26150 03/15/2007 2.26640 03/16/2007 2.27550 03/17/2007 2.2820 03/18/2007 2.28580 03/19/2007 2.28590 03/20/2007 2.28630 03/21/2007 2.28810 03/22/2007 2.27670 03/23/2007 2.27720 03/24/2007 2.27540 03/25/2007 2.27840 03/26/2007 2.27840 03/27/2007 2.28150 03/28/2007 2.280 03/29/2007 2.27550 03/30/2007 2.27640 03/31/2007 2.26840 04/01/2007 2.27260 04/02/2007 2.27260 04/03/2007 2.27760 04/04/2007 2.28790 04/05/2007 2.2870 04/06/2007 2.2820 04/07/2007 2.2680 04/08/2007 2.26440 04/09/2007 2.26440 04/10/2007 2.26180 04/11/2007 2.26430 04/12/2007 2.26440 04/13/2007 2.25120 04/14/2007 2.25220 04/15/2007 2.26170 04/16/2007 2.26160 04/17/2007 2.25680 04/18/2007 2.260 04/19/2007 2.26870 04/20/2007 2.26160 04/21/2007 2.25830 04/22/2007 2.25170 04/23/2007 2.25170 04/24/2007 2.2490 04/25/2007 2.24450 04/26/2007 2.24370 04/27/2007 2.23330 04/28/2007 2.23240 04/29/2007 2.23180 04/30/2007 2.23190 05/01/2007 2.22420 05/02/2007 2.220 05/03/2007 2.21560 05/04/2007 2.20520 05/05/2007 2.20180 05/06/2007 2.20840 05/07/2007 2.20840 05/08/2007 2.20510 05/09/2007 2.19810 05/10/2007 2.20440 05/11/2007 2.20310 05/12/2007 2.2030 05/13/2007 2.20210 05/14/2007 2.20220 05/15/2007 2.19960 05/16/2007 2.18540 05/17/2007 2.18230 05/18/2007 2.17840 05/19/2007 2.16320 05/20/2007 2.15140 05/21/2007 2.15130 05/22/2007 2.14450 05/23/2007 2.14110 05/24/2007 2.14910 05/25/2007 2.15170 05/26/2007 2.15090 05/27/2007 2.14460 05/28/2007 2.14460 05/29/2007 2.14340 05/30/2007 2.14040 05/31/2007 2.12360 06/01/2007 2.11920 06/02/2007 2.11360 06/03/2007 2.10470 06/04/2007 2.10470 06/05/2007 2.1040 06/06/2007 2.1110 06/07/2007 2.11380 06/08/2007 2.10570 06/09/2007 2.09740 06/10/2007 2.09130 06/11/2007 2.09140 06/12/2007 2.08970 06/13/2007 2.09450 06/14/2007 2.10790 06/15/2007 2.1040 06/16/2007 2.10350 06/17/2007 2.11160 06/18/2007 2.11170 06/19/2007 2.12150 06/20/2007 2.12290 06/21/2007 2.11860 06/22/2007 2.12940 06/23/2007 2.13950 06/24/2007 2.13680 06/25/2007 2.13670 06/26/2007 2.140 06/27/2007 2.13960 06/28/2007 2.13960 06/29/2007 2.13420 06/30/2007 2.12280 07/01/2007 2.1410 07/02/2007 2.14010 07/03/2007 2.13240 07/04/2007 2.13340 07/05/2007 2.13670 07/06/2007 2.1320 07/07/2007 2.11920 07/08/2007 2.11190 07/09/2007 2.11190 07/10/2007 2.11020 07/11/2007 2.120 07/12/2007 2.14370 07/13/2007 2.13660 07/14/2007 2.12630 07/15/2007 2.13280 07/16/2007 2.13280 07/17/2007 2.13010 07/18/2007 2.13050 07/19/2007 2.14040 07/20/2007 2.14170 07/21/2007 2.14280 07/22/2007 2.1580 07/23/2007 2.1580 07/24/2007 2.15260 07/25/2007 2.15260 07/26/2007 2.13550 07/27/2007 2.14340 07/28/2007 2.15490 07/29/2007 2.15580 07/30/2007 2.15580 07/31/2007 2.15930 08/01/2007 2.16230 08/02/2007 2.15970 08/03/2007 2.14610 08/04/2007 2.14820 08/05/2007 2.15850 08/06/2007 2.15840 08/07/2007 2.15020 08/08/2007 2.13790 08/09/2007 2.13430 08/10/2007 2.13830 08/11/2007 2.13610 08/12/2007 2.13230 08/13/2007 2.13220 08/14/2007 2.12610 08/15/2007 2.12380 08/16/2007 2.13770 08/17/2007 2.14230 08/18/2007 2.12330 08/19/2007 2.10140 08/20/2007 2.10130 08/21/2007 2.10190 08/22/2007 2.10170 08/23/2007 2.11010 08/24/2007 2.11410 08/25/2007 2.11270 08/26/2007 2.12060 08/27/2007 2.12060 08/28/2007 2.11820 08/29/2007 2.12370 08/30/2007 2.13440 08/31/2007 2.13660 09/01/2007 2.1290 09/02/2007 2.1310 09/03/2007 2.1310 09/04/2007 2.12660 09/05/2007 2.12230 09/06/2007 2.11850 09/07/2007 2.130 09/08/2007 2.13010 09/09/2007 2.14220 09/10/2007 2.14220 09/11/2007 2.14290 09/12/2007 2.12690 Average (372 days): 2.19413 High: 2.34240 Low: 2.08210 |
Re: Exchange rate
i'm totally speechless :eek:
|
Re: Exchange rate
According to the CBC Money page of their website the official exchange for the UK Pound is 2.1033 CDN.
|
Re: Exchange rate
Originally Posted by Steve_P
(Post 5304060)
According to the CBC Money page of their website the official exchange for the UK Pound is 2.1033 CDN.
Steve |
Re: Exchange rate
steve i said if fed cut by more than 25bp than you will likely see 2.14, if they only do 25bp it won't happen in the short term.
Chris |
Re: Exchange rate
Originally Posted by cneldred
(Post 5304121)
steve i said if fed cut by more than 25bp than you will likely see 2.14, if they only do 25bp it won't happen in the short term.
Chris steve |
Re: Exchange rate
no i expect only a 25 bp cut, but there are alot of people out there going for more. If it comes out as more, and i can see the justification for it, then the shit will hit the fan.
All in all, good for me though. Some really good money making opportunities at the moment. Chris |
Re: Exchange rate
Originally Posted by cneldred
(Post 5303736)
if it is going to happen it will be next tuesday night...if the US federal reserve cut rates by more than 25bp, then i think you will see 2.14 plus.
7.15pm london time next tuesday....watch either Bloomberg or CNBC tv to see the decision. Chris I always knew there was someone out there making money out of this "currency scam" while the rest of us grub around for pennies.:rofl: K. Marx |
Re: Exchange rate
Simon i am primarily an interest rate trader and the last couple of months have been very volatile. Best summer i can remember in 13 years trading.
Chris |
Re: Exchange rate
Originally Posted by cneldred
(Post 5305354)
Simon i am primarily an interest rate trader and the last couple of months have been very volatile. Best summer i can remember in 13 years trading.
Chris Sadly I am one of those people who are quite happy to spend money but have no idea how it works.:D Somehow the concept of buying stuff that doesn't exist yet baffles me. I even got confused by Trading Places.:blink::confused: Plans all coming together then? |
| All times are GMT -12. The time now is 8:29 am. |
Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.