Exchange rate
#1396
Re: Exchange rate
Thats the thing though they dont have to raise rates right now to curb inflation. If they can avert a full blown recession by stimulating the housing market then the rate hike can come at a later date bashing inflation on the head perhaps causing a stagnation when it happens but I am sure even inflation nut King would rather hold rates and glance recession than raise rates and make it a full blown conclusion?
But he knows what's going to happen when they raise rates:
POP.
#1397
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
Couldn't have said it better myself....and this is also what is about to happen in the US. They cut rates back down to help housing, fueling inflation further. They have to hike big time.
#1398
BE Enthusiast
Joined: Apr 2008
Posts: 401
Re: Exchange rate
Will end up with more homeless and 272k In july alone foreclosed on causing strain on gov resources requiring more gov spending. What do you do? Perhaps pull out of Iraq OR take over the oil?
Ohh and in a weird twist Fannie Mae had to open 2 new offices to sell off repo property!
Last edited by snowboardboy; Aug 14th 2008 at 1:15 pm.
#1399
Re: Exchange rate
That Fannie Mae thing is amusing, Loki.
*Did I say "lower" at $120 BBL??? How quickly we get used to high prices. Just a few months ago it was $80 BBL, and the markets today are still reflecting oil at $100 - the nice little jump to nearly $150 hasn't touched us yet.
#1401
#1402
Re: Exchange rate
Handy tip!
I still need to pay my "welcome tax" (!!!) so need to change about 5k pounds. Last week it was going up steadily, getting 2.05.
Today it's 1.93.... and dropping.
The tip is..... if you see a rate you're comfortable with, and need to change within a certain time, don't be a greedy tw@ like me!
On 5k it's not a huge loss, but 600 bucks would have paid the leccy for a few months!!!
The movements between these two are just incredible......
I still need to pay my "welcome tax" (!!!) so need to change about 5k pounds. Last week it was going up steadily, getting 2.05.
Today it's 1.93.... and dropping.
The tip is..... if you see a rate you're comfortable with, and need to change within a certain time, don't be a greedy tw@ like me!
On 5k it's not a huge loss, but 600 bucks would have paid the leccy for a few months!!!
The movements between these two are just incredible......
#1403
BE Enthusiast
Joined: Mar 2008
Location: new minas
Posts: 742
Re: Exchange rate
we are in the same boat, we can send any money over until house goes through, that not until sept (end) so god knows what it will be then :curse:
begining to worry me:curse:
begining to worry me:curse:
#1404
Re: Exchange rate
We are i the same boat we fly October "2nd, I've got no finger nails left after watching the pound tumble this week
#1408
Re: Exchange rate
We opened a HSBC bank account back in May when we were in BC on a recce Unfoutunately haven't deposited a penny into it yet!!!!!!!!
#1410
Re: Exchange rate
I was wondering actually, when we set up the account they gave us an English GBP account and a Canadian CAD account which run along side one another so i can deposit gbp or cad into them, I have wondered what the exchange rate would be? Do you think it would be the straight Interbanking exchage rate?