Exchange rates
 

Oz dollar has just gone through the 2 dollar barrier, how long before the can $ does the same?

Anyone wish to predict the Can$/£ exch rate in 6 months?

Re: Exchange rates
 

1.94 is my magic number.

A lot will depend on the BoE. The governor is saying today that interest rates my be increased earlier than expected. Or they may be cut further.

Make your bloody mind up mate!

Re: Exchange rates
 

1.95

Re: Exchange rates
 

Even better but 1.94 will make me happy, for a purely silly reason.

Re: Exchange rates
 

What's the reason?

Re: Exchange rates
 

I think the swing has been so profound that it will be 2.20+ by 1 August, the momentum is with sterling.

Re: Exchange rates
 

It will be something like the rounding of how many dollars he gets here for the sterling he is paid. Shall we guess at $5000 per month?

Re: Exchange rates
 

An extra comma.

Told you it was silly:o

Re: Exchange rates
 

"Momentum" is more a short term thing. Swings of that magnitude depend on major structural changes (the collapse of an economic sector for example).

Re: Exchange rates
 

:lol: bring on the silliness for Souvy.

Re: Exchange rates
 

Close.

1.9417 and a bit gets me the 7th digit.

It's just a game, like wanting my £ salary to be higher than my age. It has been at times. It's a dead heat at the moment. It won't be in a couple of weeks.

Re: Exchange rates
 

A lot of currency rates are hinging on the EU and Greece sorting out their debts, etc...plus the recent CHF debacle caused a lot of chaos in the FX markets...

Re: Exchange rates
 

Go the mighty pound.

Re: Exchange rates
 

About time!

Re: Exchange rates
 

Yes, been waiting for this for a while....at last it maybe time for me to consider selling my house in UK.

On the other hand a trip to the UK in October may have to be reconsidered. Swings and roundabouts....