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British Expats (https://britishexpats.com/forum/)
-   Canada (https://britishexpats.com/forum/canada-56/)
-   -   Exchange rate (https://britishexpats.com/forum/canada-56/exchange-rate-442788/)

vegasrockstar May 9th 2007 12:13 am
Re: Exchange rate
 
Originally Posted by vegasrockstar (Post 4756031)
Interest rates have been raised by 0.25% today.
Ignore me - a colleague at work was winding me up - I didn't realise that the decision is tomorrow!

cneldred May 9th 2007 3:56 am
Re: Exchange rate
 
vegasrockstar, where are you in Essex?

cneldred May 9th 2007 6:44 am
Re: Exchange rate
 
US FOMC left rates unchanged, hints at no sign of rate cuts. Not the news those of us looking for a good rate wanted.

ann m May 9th 2007 9:04 pm
Re: Exchange rate
 
OK -so back up to 2.20 this morning - marginal move - might I even get one cent or two more by end of today ?? I am poised, like a coiled sloth, ready to pounce on my phone .... :D

steve666 May 9th 2007 9:07 pm
Re: Exchange rate
 
Originally Posted by ann m (Post 4760286)
OK -so back up to 2.20 this morning - marginal move - might I even get one cent or two more by end of today ?? I am poised, like a coiled sloth, ready to pounce on my phone .... :D
Hope you get lucky Ann, it's quite possible from what I've been reading this morning.:)

ann m May 9th 2007 10:33 pm
Re: Exchange rate
 
Thanks Steve - fingers crossed, toes crossed, eyes crossed - I look great :D

Andthen May 9th 2007 10:44 pm
Re: Exchange rate
 
Originally Posted by steve666 (Post 4760306)
Hope you get lucky Ann, it's quite possible from what I've been reading this morning.:)
Bah!

I'm still waiting for my HiFX account to be set up!

Souvenir May 9th 2007 10:53 pm
Re: Exchange rate
 
Originally Posted by ann m (Post 4760286)
I am poised, like a coiled sloth
Love it! I shall file it away for future use.

cneldred May 9th 2007 11:01 pm
Re: Exchange rate
 
Hike 25bp As Expected!!

steve666 May 9th 2007 11:03 pm
Re: Exchange rate
 
Originally Posted by cneldred (Post 4760776)
Hike 25bp As Expected!!
Now I guess we wait for Toronto to open...

Robski May 9th 2007 11:04 pm
Re: Exchange rate
 
Ahhh, i was jsut about to ask how long i should sit now before i call HIFX??

Is there anything else due in the net few weeks i should know about please??

Andthen May 9th 2007 11:05 pm
Re: Exchange rate
 
Originally Posted by cneldred (Post 4760776)
Hike 25bp As Expected!!
*cries*

steve666 May 9th 2007 11:08 pm
Re: Exchange rate
 
Originally Posted by Andthen (Post 4760799)
*cries*
What are waiting from HiFX??
It took me about 2 hours to set it up and make a deal.
Used fax, email and telephone to do it mind.

MarkG May 9th 2007 11:11 pm
Re: Exchange rate
 
Originally Posted by cneldred (Post 4736514)
no bad news for the US means rate cuts, which in turn means a weaker dollar. They wouldn't put rates up if the ecomony was is trouble, they would cut them in an attempt to stimulate the economy.
If they cut rates, the US dollar is toast. They can't raise without crashing the economy and they can't cut without crashing the economy. And with Chinese costs and wages increasing, they can't hold without increasing inflation.

Anyway, after the wimpy BoE rate rise today I think I'll be closing my savings accounts next week and shipping the rest of my money out of here. They should have raised 0.5% if they were at all serious about inflation.

cneldred May 9th 2007 11:32 pm
Re: Exchange rate
 
Some of the comments with the rate hike from BOE were hinting at cuts later in the year.


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