CAD to GBP Exchange Rates!
 

The pound has been sliding since Boris put his oar in. The Canadian growth forecast was not as bad as expected. The Oil price has slightly improved. British growth is worse than expected and the Brexit referendum is causing uncertainty on everything. The exchange rate is currently at around 1.85!! Best it's been for almost a year. Can we expect it to continue??

Re: CAD to GBP Exchange Rates!
 

Depends on your POV. I preferred it when it went over $2 for the first time in years.

Re: CAD to GBP Exchange Rates!
 

So did I.

I get paid in pounds.

The taxman liked it even more.

Given that my tax installments for this year are based on my income last year, I can see myself over-paying this year. I should be in for a refund. Not that I'll get to see it. My wife will nick it.

Re: CAD to GBP Exchange Rates!
 

Souvette does seem to be an excellent woman.

Re: CAD to GBP Exchange Rates!
 

Typical now I am back from our trip to Yorksha/Lancashire:@(

Re: CAD to GBP Exchange Rates!
 

Define "excellent".

Re: CAD to GBP Exchange Rates!
 

What????

When did this happen?

How come no one ever starts threads on exchange rates or doing taxes?

Re: CAD to GBP Exchange Rates!
 

Sarcasm.

I like that in a man!

Re: CAD to GBP Exchange Rates!
 

Oh you know,

Re: CAD to GBP Exchange Rates!
 

On the other hand, we're spending 3 weeks in UK on vacation this summer so I'm very happy to see the exchange rate where it is.;)

Re: CAD to GBP Exchange Rates!
 

no idea, haven't a clue - what do you think?

Would you prefer to see it drop to the 2010 rates in the 1.45 range, above the 2.0?

Re: CAD to GBP Exchange Rates!
 

Higher, higher!

Re: CAD to GBP Exchange Rates!
 

IDS resigned today - might actually be a sign that he thinks the Euroseptics are going to lose the Referendum, rather than his 'supposed' reason to do with benefits.

Pound might got back up a bit on Monday lol.

The oil price will probably go down again when the Arabs tell the world they were joking when they said they would reduce or limit output...

Re: CAD to GBP Exchange Rates!
 

in the reverse is my thinking, with the pound continuing to sink, oil will keep going up towards the summer [my guess] hitting close to the $50 barrel which should strengthen the Canadian dollar.

I also see the US dollar weakening

On IDS, better the devil you know than his replacement who will simply bow to Osborne,and will likely be chosen for their 'pro stay in the EU' position.

Front & centre, with IDS out of the way, everyone will be having a go at Osborne

Next change I see is the Governor of the Bank of England 'Carney', that will likely see the pound go into a a tailspin back to near the 1.50 mark to the Canadian dollar.

Re: CAD to GBP Exchange Rates!
 

If oil does recover to $50 I wouldn't disagree with your assertion that the Canadian dollar will likely strengthen. However over the long term a soonish recovery of oil to $50-$60 sooner rather than later might be a huge problem for the Canadian dollar. $50-$60 oil will get the US shale companies fracking again before a real oil deficit has developed putting a ceiling on the oil price, yet leaving most major future Canadian oil projects uneconomical. This will expose the real weakness in the Canadian economy that has been masked by the oil boom in Alberta and elsewhere. With massive government deficits and current account problems the Canadian dollar might become very weak especially if TPP cuts into the manufacturing base.