Exchange rate
Sep 12th 2007 | 7:08 pm
#481
BE Enthusiast
Joined: Aug 2005
Posts: 895
From: Was Brentwood, Essex Now Wasaga Beach, Ontario
Re: Exchange rate
Funny film though....
I used to work on the LIFFE floor in London (coloured jackets and hand signals), we actually had a tramp find his way onto the trading floor one day and try to sleep in one of the 'pits' (the raised areas where all the trades take place). I just had flash backs about trading places, it seemed straight out of the film.
Chris
I used to work on the LIFFE floor in London (coloured jackets and hand signals), we actually had a tramp find his way onto the trading floor one day and try to sleep in one of the 'pits' (the raised areas where all the trades take place). I just had flash backs about trading places, it seemed straight out of the film.
Chris
Sep 12th 2007 | 7:15 pm
#482
BE Forum Addict
Joined: Apr 2007
Posts: 1,175
From: London, Ontario, eh?
Re: Exchange rate
Funny film though....
I used to work on the LIFFE floor in London (coloured jackets and hand signals), we actually had a tramp find his way onto the trading floor one day and try to sleep in one of the 'pits' (the raised areas where all the trades take place). I just had flash backs about trading places, it seemed straight out of the film.
Chris
I used to work on the LIFFE floor in London (coloured jackets and hand signals), we actually had a tramp find his way onto the trading floor one day and try to sleep in one of the 'pits' (the raised areas where all the trades take place). I just had flash backs about trading places, it seemed straight out of the film.
Chris
Sep 14th 2007 | 2:15 am
#483
Thread Starter
Tea Drinker
Joined: Nov 2006
Posts: 5,387
From: Kamloops, BC
Re: Exchange rate
$2.07 
Sep 14th 2007 | 2:19 am
#484
Sep 14th 2007 | 2:24 am
#485
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Joined: Aug 2005
Posts: 895
From: Was Brentwood, Essex Now Wasaga Beach, Ontario
Re: Exchange rate
yep, Northern Rock kind of F**ked things up.
Sterling is getting bashed against every major currency.
Chris
Sterling is getting bashed against every major currency.
Chris
Sep 14th 2007 | 2:25 am
#486
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Joined: Aug 2006
Posts: 558
From: The Vancouver Suburbs... for the next few years anyway!
Re: Exchange rate
:cry_smil e:
Sep 14th 2007 | 3:10 am
#487
Joined: Jul 2005
Posts: 15,883
Re: Exchange rate
If the spot price is 2.0712 as it currently is what does the average punter get for his pounds?
Not a concern for me I'm just curious.
Sep 14th 2007 | 3:34 am
#488
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Joined: Apr 2007
Posts: 1,175
From: London, Ontario, eh?
Re: Exchange rate
Sep 14th 2007 | 3:38 am
#490
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Joined: Apr 2007
Posts: 1,175
From: London, Ontario, eh?
Sep 14th 2007 | 3:39 am
#491
Immigration Consultant
Joined: Jun 2007
Posts: 2,144
From: Halifax, Nova Scotia
Re: Exchange rate
I have to say I feel for people watching the rate right now. Down to 2.06 something when I last checked. I'm no financial expert at all but I do know that the price of oil seems to be a big factor (when oil price is high then canadian dollar is strong which is bad news for people hoping to convert pounds) and having watched the rate over the last couple of years this seem to be something that is typical at this time of year. As winter approaches everyone starts worring how sever winter will be and whether the supply of oil will be limited thus leading to more price jumps. The Canadian dollar seems to strengthen.
Have a look at the following 5 year chart (http://ca.finance.yahoo.com/currency...CAD&amt=1&t=5y) - the exchange rate seems to take a bit of a nose-dive every winter and then pick up a bit in the new year (though the long term trend appears to be a stregthening of the CAD versus the Pound)
Have a look at the following 5 year chart (http://ca.finance.yahoo.com/currency...CAD&amt=1&t=5y) - the exchange rate seems to take a bit of a nose-dive every winter and then pick up a bit in the new year (though the long term trend appears to be a stregthening of the CAD versus the Pound)
Sep 14th 2007 | 5:03 am
#492
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Joined: Aug 2005
Posts: 895
From: Was Brentwood, Essex Now Wasaga Beach, Ontario
Re: Exchange rate
Would agree entirely with that statement...the hurricane season usually starts the sell off.
Chris
Chris
Sep 14th 2007 | 5:09 am
#493
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Joined: Aug 2006
Posts: 558
From: The Vancouver Suburbs... for the next few years anyway!
Re: Exchange rate
Such bad news... I'm watching the amount we have to spend on a house (and therefore the size of said house) get smaller and smaller... boo hoooo hooooo
Is there any hope?
Is there any hope?
Sep 14th 2007 | 5:11 am
#494
Immigration Consultant
Joined: Jun 2007
Posts: 2,144
From: Halifax, Nova Scotia
Re: Exchange rate
Sep 14th 2007 | 5:12 am
#495
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Joined: Aug 2005
Posts: 895
From: Was Brentwood, Essex Now Wasaga Beach, Ontario
Re: Exchange rate
Not in the short term i don't think...smart money is now on only 25bp for US Fed...talk of possible rate cut from UK. Oil going thro $80. All the signs are negative.
Chris
Chris
