Re: Exchange rates
 

Yahoo UK finance.

Re: Exchange rates
 

BBC website has 1.9435.

Re: Exchange rates
 

I guess the 'buy' rate is different than the 'sell rate' or trading FX (pips) rate?

Re: Exchange rates
 

its all very confusing is this FX rate when all that I have figured out what I see on Yahoo or the BBC is the mid rate or the interbank rate

I look at real rates that we peon's have to buy & sell at

http://www.scotiabank.com/ca/en/0,,1118,00.html

TD Canada Trust Foreign Currency & Exchange Rates | TD Canada Trust

Foreign Exchange Currency Converter - RBC Royal Bank

Re: Exchange rates
 

Now at 1.95 and rising.....I understand why GREXIT might mean the mighty pound being up against the Euro, but why is it up against both US$ and CAN$...

Re: Exchange rates
 

I want an an answer to that question too. Looking at the charts for the last week, the £ seems to be gaining on the CAN$ even more than the Euro. I don't get it.

Re: Exchange rates
 

Remember this thread, getting there, perhaps need another month or two, 2.09 today!

Re: Exchange rates
 

It's simple...

The markets see potential in the UK recovery, even a possible increase in interest rates

They don't see much of a chance of change for Canada at the moment,

and its a trend that's been relatively constant for +2yrs now,
the UK pound has shown the similar but smaller type of improved value for same period against the euro, but has been a bit more stable against the USDollar and Swiss franc

Re: Exchange rates
 

But UK rates are constantly predicted to rise and never do. The latest forecast was by the CBI today, suggesting rates will rise in the first quarter of next year. It seems the market is chasing a willow-the-wisp.

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Its better to follow a market that is predicted to rise albeit slowly than to follow one that seen to be falling...

Canada's central bank has reduced its overnight lending rate to 0.5%, from 0.75% recently based on the Oil market, a market not expected to improve for Canada (possibly for a very long time now Iran is getting on better terms)

Re: Exchange rates
 

Any "simple" explanation of UK-C$ exchange rate moves is wrong, almost by definition. The two economies have virtually nothing to do with each other.

Re: Exchange rates
 

I like this.

2.09+ close today. Highest since the end of 2007.

Increasing at a steady trend, with me having just accepted an offer on my late mother's apartment in the UK, the timing couldn't be better.

Keep on going up please Sterling!

Every 1.5-2c rise is a month's mortgage payment :D

Re: Exchange rates
 

Doesn't seem like a good time to visit the UK if your from Canada...

Re: Exchange rates
 

For RBC, you need to select the non-cash rate.

As of today, it's $2.05 at RBC interbank non cash rates - I'm hoping it stays that high (or goes higher again) as my monthly freelance payment transfer is due to be sent tomorrow. Looking at the other banks, it seems they are paying a higher rate - how frikkin annoying is that :(

Re: Exchange rates
 

I've gained $150 on my last civil service pension compared to the first one this year. Long may it continue. :thumbup:
They probably get it back in other ways. :nod: