the big nowhere

not a trader......was a director within large construction group....retired back in 2002 when i hit the big 40.........just watch markets when i need to and yes just seem to be LUCKY........which is why you can analyze until the cows come home,but may never get a good forex deal.........happy trading.........

the big nowhere

hey,we are not in oz....just been offered a few jobs there i we wanted to go back to work.....we are in ontario......so weighing whether we stay or go.......canada is so cheap it would be hard to leave also with proximity of the uk and europe......cheers

snowboardboy

Whats going on! 1.94 to the £! Should I hold tight until I need to change up (moving in November) or cut my loss and take a 1.97 futures deal for November? Advice appreciated.

lynpy

Hi there
I've just sold my house about 6 months quicker than expected so I'm in need of some pretty quick help & advice! I know I should be celebrating but I haven't got time!

I live in France so will have over 100k euros by the end of August. I also have about 30k in UK. Is it better to xchange form euros to $ or first to £'s. May seem stupid question but I haven't a clue if there is an advantage to either.

regards
Lynpy

Surrey Expat

It is not going to make a whole lot of difference going through £ as you are affected by buy and sell rates and the two are pretty closely tied. Easiest to use an FX house to do the transaction, like any currency exchange there is always the gamble element regardless if what advice you get.

lynpy

Thanks for confirming that

I wont worry myself over it - just the rate

Surrey Expat

Don't worry about the rate, you cannot do anything about it, just set you goal and watch for it. Custom house are a good firm to consider. You can give them a target rate and they will monitor it for you.

geedee

Come on girl!!! Bash through that 2.00 barrier and I think it will be up and away

mclauchlan35

I wonder if it is because it looks unlikely that BOE will be reducing rates in the next few months, that has prompted the rise.

G77

Said on Working Lunch today that it's expected that BOE will raise rates in July to combat inflation

mclauchlan35

Terrible, one of the reasons inflation is so high is because items like fuel and food are so much more expensive, maybe if they reduced the duty on fuel that would bring down inflation.

Reports also said that the rise in inflation may be temporary and that rates should not be raised when this is the case. The problem is when inflation reduces and they decide to reduce the rates it may be too late to help people who are struggling.:curse:

Although according to Mr Darling the extra revenue is needed to help fill the void that is being left due to the decrease of stamp duty caused by the slump in the housing market. Funny how he never mentions the war in Iraq.

destinationnovascotia

No, It's the fact that I transfered my money over last week at 1.96

geedee

It's through.... 2.0069.... even though gold and oil are shooting up

No rhyme nor reason.....

cneldred

US unemployment numbers came out at 1.30pm London Time, they were horrible unemployment rate jumped from 5.1% to 5.5% biggest one month rise since 1986. Whats bad for the US is seen as bad for Canada hence the weakness in CAD$ today.

Add to that the European Central Bank said yesterday they will probably raise rates next month that is making people jump off the BOE rate cut bandwagon.

Chris

Solarfish

Sorry to be smug, but I needed to transfer Canadian dollars to UK pounds to cover my mortgage in the UK and managed to get the transfer through just before the rate bounced up again

I am however genuinely hoping that the rate does turn significantly for all of you guys looking to come over here, plummeting house prices combined with a low rate must be hell. I'm hoping that our plan of keeping our UK property for the long term will pay off and that we will eventually see it return to the value it had a year ago, but I'm suspecting that we may have missed that opportunity.