CAD to GBP Exchange Rates!
#1
Fancy a Cuppa?
Thread Starter
Joined: Nov 2007
Location: Vancouver
Posts: 438
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??
#3
Slob
Joined: Sep 2009
Location: Ottineau
Posts: 6,342
Re: CAD to GBP Exchange Rates!
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.
#4
limey party pooper
Joined: Jul 2012
Posts: 9,982
Re: CAD to GBP Exchange Rates!
Souvette does seem to be an excellent woman.
#7
Re: 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??
When did this happen?
How come no one ever starts threads on exchange rates or doing taxes?
#10
Re: CAD to GBP Exchange Rates!
#13
BE Forum Addict
Joined: Aug 2013
Location: Maple Ridge, Super Natural British Columbia
Posts: 2,071
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...
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...
#14
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...
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...
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.
#15
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Joined: Sep 2006
Posts: 605
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.