Gezza

Any Opinions on when it is liley to return to normal level £$?

MarkG

I'd say when:

1. oil prices drop.
2. the US housing bubble bursts.
3. the Bank of England raise interest rates to sensible levels.

and/or

4. the Canadian government decide to drive down the Canadian dollar to help exporters.

At the moment Canada has pretty much everything going for it (e.g. significant oil reserves, reasonably sane economic policies, rising interest rates) and Britain has pretty much everything against it (e.g. declining oil reserves, declining economy, lowering interest rates, housing bubble, big trade deficit).

steve of 5-0

[QUOTE=Gezza]Any Opinions on when it is liley to return to normal level £$?[/QUO

There is no normal rate! And I had tea yesterday with Doctor Who, he said,"It went down to 2 for 1 in...........................2006!!!!!!!!!!!!!!!!

MarkG

True, but it has pootled around $2.20-2.30 (with spikes above and below) for most of the last five years.

Gezza

So the U turn that was to happen round the Canadian Elections did not materialise?

CalgaryBlade

The Canadian election hasn't happened yet.

Souvenir

I'm damn glad I moved myself and my money to Canada when I did (mid-2000). The rate was at about 2.4 then. The graph for the 12 months after that looks like a ski slope.

Manu

The IMF also announced today that Bank of Canada was right to raise interest rates. That only reaffirms the strength Canadian dollar to the UK pound.

Looks like its a good time for us to have trip back 'home'!