pound getting weaker?...
 

Moneycorp just phoned to tell me that £ has dropped 2 cents on CAD from CAD$2.32 to CAD$2.30... the chap thinks it will continue to drop :( not drastically or anything... but still..

anyone have any views:confused:

we have the money through from our house sale and have had PPR - but I am reluctant to do anything until I see those bloody visas for real:mad:
at least it is sitting pretty earning interest..

what to do... this emigration business is such a lottery from start to... finish?

what are others thinking/doing?

cheers
fan :)

Re: pound getting weaker?...
 

I would change now - you have had PPR what else can really go wrong ??

Re: pound getting weaker?...
 

Nothing really happening to effect the pound, is there?
I looked at the Hifx inter-bank prices and it's only gone down about 1 cent.
I might be wrong (probably! :p ), but I reckon it will remain steady-ish over the next few days!
Kenny

Re: pound getting weaker?...
 

I don't think it's going to get weaker, its been hovering just above and below 2.3 for a few weeks now. If i where i betting man, and I had time on my side, I'd say the pound is only going to get stronger. (an interest rate rise in the UK and interest rates to remain the same in Canada seem likely scenarios). Couple that with a cooling oiling prices I wouldnt worry too much about a weakening pound.

Re: pound getting weaker?...
 

Basically it dropped because the Bank of England held interest rates this month when some traders had been betting on a rise. So there's no reason to expect it to collapse unless it appears they're not going to raise rates any more this year.

But at $2.30 to the pound, that's a pretty good rate anyway compared to where we were not long ago!

Re: pound getting weaker?...
 

I'd hold on.

Interest rates in UK will PROBABLY increase in next couple of months, Canadian interest rates will stay same or fall.

As others have said there is no sign that it will fall much more.

Re: pound getting weaker?...
 

Triffic! I want $2.53 but only for silly reasons.

Re: pound getting weaker?...
 

Somehow I think $2.53 may be asking a little too much, I'd say an absolute max of $2.45.

I would actually like to see it fall to parity.

Re: pound getting weaker?...
 

You hate me, don't you? Admit it.

<I'm paid in pounds>

Re: pound getting weaker?...
 

Ah ok how often are you paid?

I only need it at parity for a couple of days. :rofl:


and no Souv i lurve you truly madly deeply but only in a mates kinda way ;)

Re: pound getting weaker?...
 

Does this mean we're through?:confused: :unsure::ohmy::huh::blink:

Re: pound getting weaker?...
 

Monthly. On that one day each month I'd like the loonie to go down the crapper. The rest of the time I don't much care.

Re: pound getting weaker?...
 

Now then 'Bill', you should have realised by now I'm a Tart. (learnt it off that friend of ours who lives in the beltline :sneaky: )

Re: pound getting weaker?...
 

Its right the £ falls when interest rates go down or as they did this time are held when everyone thought they were going up. I think as the trend is that we are spending more the interest rate will soon go up and the £ will get stronger. I would hold back for a while as its going to get better soon.

Buzz

Re: pound getting weaker?...
 

I still have the proceeds of my house sale to transfer and I am holding.

Toady's "drop" is because the BoE have held interest rates steady (as expected) but the possibility of a rise had been factored in to recent prices.

A rate increase in May is widely expected so between now and then I expect/hope the pound will strengthen.

Of course there are other factors such as commodity prices and Canadian interest rates that will affect the CAD so it is a big guessing game. All I would say is on balance of probability I think the pound will strengthen over the coming months.

Ian.