British Expats - Is now the time to buy Dollars?

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British Expats (https://britishexpats.com/forum/)

- The Maple Leaf (https://britishexpats.com/forum/maple-leaf-98/)

- - Is now the time to buy Dollars? (https://britishexpats.com/forum/maple-leaf-98/now-time-buy-dollars-799236/)

Souvy

Jun 21st 2013 2:50 am

Re: Is now the time to buy Dollars?

Quote:

Originally Posted by Shard (Post 10768285)

Hard to see how the Â£ will appreciate (in the medium term) with a slacking economy and Carney at the helm. C$ could depreciate if global resource demand slows. My guess is 1.60-1.80 over the next two years.

I also do not see appreciation in the Â£. Depreciation in the loonie seems more likely and I would welcome it. Not terribly patriotic, I know, of me but getting back to the C$ being the peso of the north would make me wealthier.

Steve_

Jun 22nd 2013 9:55 am

Re: Is now the time to buy Dollars?

Meh, couldn't care less about sterling, the question to my mind is whether now is the time to buy US dollars because it looks to me as though the USD is going up sharply because everyone is expecting US interest rates to move up, so they're thinking about buying US bonds.

Editha

Jun 24th 2013 3:03 pm

Re: Is now the time to buy Dollars?

The loonie has actually taken a nose dive against the dollar and the pound in the last week.

I am painfully aware of this because I am in the process of selling a house in Canada and buying one in the UK. We don't get the proceeds of sale of our Canadian house until mid-July and then I will have to transfer the cash to the UK for completion on our purchase.

By the time I noticed the exchange rate was changing the loonie had gone into free-fall. I've taken out a future exchange contract to insure against any further losses. but in the meantime I've "lost" Â£9,000.

So the answer to the O.P's question on June 5th was yes, now on 24th June, not so much.

macadian

Jun 24th 2013 3:49 pm

Re: Is now the time to buy Dollars?

Quote:

Originally Posted by London-England-Lads (Post 10768055)

Sorry, bad use of terminology, meant I am holding out for $2 for a pound. I know I may have a very, very long wait !

Much of my income (Pensions) is in Sterling. Were 2 for 1 the case, I could retire tomorrow!:cool:

davedba

Aug 21st 2013 5:12 am

Re: Is now the time to buy Dollars?

Quote:

Originally Posted by orly (Post 10744430)

Around $1.63 has been the resistance point for about 3 years now.

If it gets above $1.65 for any length of time (talking weeks or months rather than minutes or hours) then more research might be needed.

If it dips back down again then it's business as usual.

$1.64 now and going up :fingerscrossed:

orly	Aug 21st 2013 6:06 am

Re: Is now the time to buy Dollars?

Quote:

Originally Posted by davedba (Post 10862373)

$1.64 now and going up :fingerscrossed:

Put some Canadian in charge of the BoE and look what happens :D

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