EXCHANGE RATE
Looks like the rate will go into the late $1.50s in the very near future - will we ever see $2+ again?
|
Re: EXCHANGE RATE
Originally Posted by Revin Kevin
(Post 13111088)
Looks like the rate will go into the late $1.50s in the very near future - will we ever see $2+ again?
|
Re: EXCHANGE RATE
I get daily updates from Wise and yesterday it was down to C$1.608, i just hope it starts to recover soon.
|
Re: EXCHANGE RATE
Can see people selling up in Canada so they buy a bigger house in the UK!
https://cimg0.ibsrv.net/gimg/british...6e92f67451.jpg |
Re: EXCHANGE RATE
Originally Posted by Revin Kevin
(Post 13111088)
Looks like the rate will go into the late $1.50s in the very near future - will we ever see $2+ again?
|
Re: EXCHANGE RATE
I think it would be around 1.6 in a short to medium term
|
Re: EXCHANGE RATE
After the BOE increased interest rates it's gone to $1.58 which I don't get as usually higher interest rates improve a currency's value, also the FTSE rallied which is also counter intuitive.:confused:
|
Re: EXCHANGE RATE
Originally Posted by Revin Kevin
(Post 13112576)
After the BOE increased interest rates it's gone to $1.58 which I don't get as usually higher interest rates improve a currency's value, also the FTSE rallied which is also counter intuitive.:confused:
|
Re: EXCHANGE RATE
Commodities boost Canada which means sterling exchange rate will fall. Looking for rate to dip down to $1.55 with a spike in oil prices. 🇬🇧 heading for recession in next 12 months. To mitigate, invest in global non UK etfs or mutual funds with any money held in UK.
|
Re: EXCHANGE RATE
Originally Posted by Revin Kevin
(Post 13111088)
Looks like the rate will go into the late $1.50s in the very near future - will we ever see $2+ again?
Better start start fixing up the house ready to sell up and move back, we'd get a decent house at that rate and annual increases in our UK state pensions - win win! |
Re: EXCHANGE RATE
|
Re: EXCHANGE RATE
Originally Posted by Kingsboy48
(Post 13143371)
Will we ever see £1 = CAD$1.5 again? Just looking at currency forecast and the consensus seems to be that the rate will be around $1.3 at the turn of the year and going down from there for the next 2 or 3 years :-(
Better start start fixing up the house ready to sell up and move back, we'd get a decent house at that rate and annual increases in our UK state pensions - win win! At the moment the US doesn't seem to have hit the recession the UK has, oil and gas restrictions from Russia has both hit the UK, but also bolstered the US/Canadian economies somewhat. If the Russia conflict came to an end which worked well for Europe and the UK I would expect to see a strong rebound - but no one knows how that will play out. EDIT: it was only about a week ago I was looking at a forecast showing a decline to the low $1.40s/high $1.30s over the next 6-8 months but then a gradual rise back to $1.6 or more by the end of 2023 - very different to your forecast. |
Re: EXCHANGE RATE
1.45 today. Looks like a bumpy ride ahead. The UK is in free fall after the Chancellor’s bright ideas.
|
Re: EXCHANGE RATE
Originally Posted by Skyva
(Post 13143604)
1.45 today. Looks like a bumpy ride ahead. The UK is in free fall after the Chancellor’s bright ideas.
|
Re: EXCHANGE RATE
Originally Posted by Skyva
(Post 13143604)
1.45 today. Looks like a bumpy ride ahead. The UK is in free fall after the Chancellor’s bright ideas.
|
All times are GMT. The time now is 11:06 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.