Exchange Rate
Glad to see the £ is getting a bid today and now above $1.71. Target upside in the short term is $1.73 and hopefully a retest of $1.77 if the BOE announce the possibility of more interest rate rises in 2018.
For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013 |
Re: Exchange Rate
Originally Posted by glendem4
(Post 12371898)
Glad to see the £ is getting a bid today and now above $1.71. Target upside in the short term is $1.73 and hopefully a retest of $1.77 if the BOE announce the possibility of more interest rate rises in 2018.
For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013 At the end of the day of course even the experts don't know. Absolutely agree with you about getting BREXIT resolved soon, or at least starting trade talks. All of this politically inspired nonsense is hurting real people who want to get on with their lives! |
Re: Exchange Rate
Sterling spikes as chief Brexit negotiator Michel Barnier indicates that he is ready to speed up Brexit talk
Pound spikes as Michel Barnier says he's ready to speed up Brexit talks |
Re: Exchange Rate
Originally Posted by glendem4
(Post 12371898)
otherwise the £ could be weak for another 2-3 years like it was from 2009-2013
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Re: Exchange Rate
Originally Posted by Aviator
(Post 12371986)
For some it has been weak for way longer than that. We used to expect a low of 2.25, sometimes up to 2.62
But hey - who knows! |
Re: Exchange Rate
Originally Posted by Hurlabrick
(Post 12372477)
An average exchange rate of £1.00 = $2.00 would be truly wonderful, but is currently beyond my wildest dreams of avarice for the next couple of years!
But hey - who knows! |
Re: Exchange Rate
I hate Brexit.
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Re: Exchange Rate
$1.672 today post-BOE rate rise - significantly below the 1.71 it was at immediately before. Shows you how hard things are to predict.
Glad I tranferred a tranche a day earlier at 1.70. |
Re: Exchange Rate
Originally Posted by Hurlabrick
(Post 12373862)
$1.672 today post-BOE rate rise - significantly below the 1.71 it was at immediately before. Shows you how hard things are to predict.
Glad I tranferred a tranche a day earlier at 1.70. |
Re: Exchange Rate
GBPCAD hovering close to $1.70 this morning.
Let's hope the UK government starts Trade talks with the EU in December and the exchange rate can pop up to $1.75 Last 5 years GBPCAD Highest: 2.0978 Lowest: 1.5237 Difference: 0.5741 Average: 1.7682 |
Re: Exchange Rate
$1.71453 this morning. Several news items could boost the £ if Russia pulls out of the agreement to limit oil production at the next OPEC meeting on Thursday and the EU and UK agree talks can proceed on trade on Monday 4th December. Recent low on 13 November at $1.66 and high of $1.715 on 01 November
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Re: Exchange Rate
Originally Posted by glendem4
(Post 12390835)
$1.71453 this morning. Several news items could boost the £ if Russia pulls out of the agreement to limit oil production at the next OPEC meeting on Thursday and the EU and UK agree talks can proceed on trade on Monday 4th December. Recent low on 13 November at $1.66 and high of $1.715 on 01 November
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Re: Exchange Rate
$1.74 tonight... can someone let us know when it is at it's peak.. :rofl::eek:
Let's hope it keeps rising:fingerscrossed: |
Re: Exchange Rate
Originally Posted by glendem4
(Post 12390835)
$1.71453 this morning. Several news items could boost the £ if Russia pulls out of the agreement to limit oil production at the next OPEC meeting on Thursday and the EU and UK agree talks can proceed on trade on Monday 4th December. Recent low on 13 November at $1.66 and high of $1.715 on 01 November
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Re: Exchange Rate
Peaked overnight but managed to get 1.745 yesterday, fell today as canadian figures came out that was much expected to be good. Currently 1.718.
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