Exchange rate
Mar 18th 2008, 5:07 am
#1096
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
Mandy thanks much appreciated.
Chris
Chris
Mar 18th 2008, 5:39 am
#1097
BE Forum Addict
Joined: Sep 2005
Location: Windsor, ON
Posts: 3,374
Re: Exchange rate
Chris - what happened with the rate cut? Gone well past 2:15pm now and can't see anything announced? USD has weakened slightly by the looks of it since earlier, but the loonie appears to be holding?
Mar 18th 2008, 5:58 am
#1099
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
sorry did i put 2.15pm uk time...there you go getting up early does take its toll. due at 6.15 uk time, 20 mins from now.
Chris
Chris
Mar 18th 2008, 6:06 am
#1100
Sawdust making harpy
Joined: Sep 2007
Location: Alberta
Posts: 11,291
Re: Exchange rate
Visa Inc floats today doesn't it, how will the conditions at the moment affect normal trading there?
Big day with a lot going on.
Big day with a lot going on.
Mar 18th 2008, 6:14 am
#1101
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
CUT 75 BP
Mar 18th 2008, 6:19 am
#1102
Islander
Joined: Jun 2005
Location: Toronto, woo!
Posts: 953
Re: Exchange rate
Right back up above $2.00 to the GBP.
Mar 18th 2008, 6:23 am
#1103
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
not now it isn't...just dipped below tghe major 2.0000
was really hoping for 1% -1.25% that would have seen the rate head much higher.
was really hoping for 1% -1.25% that would have seen the rate head much higher.
Mar 18th 2008, 2:49 pm
#1104
BE Forum Addict
Joined: Nov 2006
Location: Nusajaya
Posts: 2,327
Re: Exchange rate
Easy Tiger you could give a girl a heart attack reading stuff like that!!!! 
I have no idea what Chris meant either (and read it loads to try and get my head round it
) but we're not all gonna be booted out of our jobs just yet even though the share price is dire.
The whole "fear factor" is affecting every financial instituation at the moment (FWIW I've just bouught more BMO shares - its a long term thing!) and as the natural cycles of boom and bust occur, all we are in is a bit of a downturn, these don't last forever and in time it will pick up. Could be months but more likely years.
Don't panic is my motto at the moment
I have no idea what Chris meant either (and read it loads to try and get my head round it
) but we're not all gonna be booted out of our jobs just yet even though the share price is dire.The whole "fear factor" is affecting every financial instituation at the moment (FWIW I've just bouught more BMO shares - its a long term thing!) and as the natural cycles of boom and bust occur, all we are in is a bit of a downturn, these don't last forever and in time it will pick up. Could be months but more likely years.
Don't panic is my motto at the moment
Anyway, a BMO cashpoint gave me a few hundred bucks today, so it can't be all bad!
Mar 18th 2008, 7:18 pm
#1105
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
geedee, what i was implying is if that is all BMO have on their books then the shares will come out of this nicely...all banking stocks have been crushed because the market presumes if this bank and that bank have cocked up they all have. When the dust clears, if this it for BMO then people buying shares here will be more than happy.
Chris
Chris
Mar 18th 2008, 9:45 pm
#1106
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
strong rumours in the market that Halifax are in trouble. There shares had to be halted earlier due to being limit down.
Chris
Chris
Mar 18th 2008, 9:50 pm
#1107
mclauchlan35
Joined: Dec 2006
Location: Was Prestwick Ayrshire, now Canmore AB.
Posts: 999
Re: Exchange rate
We have had meeting with different people from the HBOS group, and the general consensus is that they are desperate to reduce lending, as they are at too much risk at the present time.
Mar 18th 2008, 9:59 pm
#1108
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
all i know is they just cost me a shedload of money.
Mar 18th 2008, 10:08 pm
#1109
mclauchlan35
Joined: Dec 2006
Location: Was Prestwick Ayrshire, now Canmore AB.
Posts: 999
Re: Exchange rate
Not so good Chris. How's the commodity market looking at the minute?
Mar 18th 2008, 10:16 pm
#1110
BE Enthusiast
Joined: Jan 2008
Location: West Lothian
Posts: 685
Re: Exchange rate
Think a swift email to my mortgage broker is in order!
Sorry to hear about your cash Chris, was it the cut being too small? Regardless, I feel for you!
