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Search: Posts Made By: glendem4
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Forum: Canada
Dec 17th 2019, 1:00 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Boris bounce is fading fast. $1.77 seen on Friday 13th December is already down to $1.73 today. Best hope for 2020 is consolidation around $1.70 with a move up to $1.91 if a trade deal can be struck...
Forum: Canada
Nov 14th 2018, 7:15 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Cabinet agree Brexit proposal. PM says it is this deal, no deal or no Brexit. Could we be looking at a possibility that Brexit will never happen. Pound reacted positively.
£1= $1.725
Forum: Canada
Nov 6th 2018, 8:48 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

The currency markets are sniffing their maybe a break through in Brexit negotiations this month, as the exchange rate has moved rapidly from 1.67 to 1.72 in the last few days. The currency pair has...
Forum: Canada
Oct 13th 2018, 2:22 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Been awhile since I updated the exchange rate. The high back in March was $1.84 and recent low was $1.66. Brexit negotiations are reaching a critical stage. Any positive news could boost sterling....
Forum: Canada
Jun 28th 2018, 2:05 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Transferwise has reduced the costs to convert EUR to CAD.
Old rate was 0.5% + €2
New rate is €0.50 + 0.4%

So if you send €10,000 , it was cost €40.34 instead of €49.75

Sterling had a mini...
Forum: Canada
May 10th 2018, 11:40 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

More Bad news for people wanting to convert sterling into Canadian dollars....
Bank of England held interest rates at 0.5% and reduced growth in 2018 to 1.4% from 1.8%
Looks like the high for the...
Forum: Canada
Mar 19th 2018, 9:42 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Data and Events to Watch for the Canadian Dollar

The main releases for the Canadian Dollar in the week ahead are on Friday, March 23, when retail sales and inflation data are out.

Inflation...
Forum: Canada
Mar 16th 2018, 9:12 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Lloyds Bank forecasts the Pound will fall from 1.8232 Thursday to 1.71 before the 2018 year is out as trade concerns melt away and markets return their focus to relative interest rates. This implies...
Forum: Canada
Mar 15th 2018, 4:22 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Transferwise charges 0.45% of the amount that's converted + £ 0.80 GBP for sums over £3000. OFX.com fee is 0.4%

More info at https://www.icomparefx.com/transferwise-vs-ofx/
Forum: Canada
Mar 15th 2018, 2:58 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

£1 = $1.82
Forum: Canada
Mar 14th 2018, 12:02 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Canadian Dollar Slumps After Poloz Speech Augurs Fears of Slower Rate Rises .....

Trade tensions mean the Canadian Dollar is at risk of the Bank of Canada stepping back from raising interest rates...
Forum: Canada
Mar 8th 2018, 9:03 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

The £ is now in the middle of the 5 year range $1.53-$2.07

GBP/CAD upside requires the exchange rate to stay above $1.77 with a potential target of $1.90 this year if BrExit goes well and the Bank...
Forum: Canada
Mar 7th 2018, 3:28 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

The Canadian Dollar pared broad-based gains over its international rivals Wednesday after the Bank of Canada held its cash rate steady in March and warned of uncertainty created by Washington’s...
Forum: Canada
Mar 5th 2018, 1:13 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Traders continued selling the Canadian Dollar after the release of Q4 GDP undershot expectations last Friday.

The Pound rose versus the Canadian Dollar after traders sold the latter due to...
Forum: Canada
Feb 26th 2018, 12:25 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Bank of England Deputy Governor Sir. David Ramsden said in a Sunday Times article over the weekend that interest rates will need to rise faster than was previously assumed given that inflation...
Forum: Canada
Feb 22nd 2018, 8:07 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Canadian retail sales disappoint hitting the Loonie. https://www.poundsterlinglive.com/cad/8570-canadian-dollar-retail-sales-in-focus-as-strategists-eye-1-2711-on-usd-cad

£1=$1.7738
Forum: Canada
Feb 20th 2018, 9:06 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Well, it has taken nearly 4 months for the £ to hit $1.77.

Expect strong resistance at $1.78 the high from 2017

£1=$1.77
Forum: Canada
Feb 8th 2018, 1:19 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

£1 = $1.76

The Bank of England has warned that it will be raising interest rates sooner than markets expect, a signal that has markets firmly pricing in a May interest rate rise and making...
Forum: Canada
Feb 1st 2018, 2:55 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

I think our friend in Vancouver is taking the mickey !!!:goodpost:
Forum: Canada
Feb 1st 2018, 10:06 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

£1= $1.75

Just made first transaction with https://www.ofx.com/en-gb/ to compare the service with Transferwise.

Similar service, but OFX does not give you the ability to cancel a transaction...
Forum: Canada
Jan 29th 2018, 10:11 am
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

If you could predict currency x rates, you would be a very rich man/woman.

There are so many factors that impact an exchange rate.

1. The current interest rate policy.
2. The rate of...
Forum: Canada
Jan 25th 2018, 1:00 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Hovering around £1=$1.76 https://finance.yahoo.com/quote/gbpcad=x?ltr=1 at the moment.

If NAFTA agreement is reached, the £ will snap back against $ CAN.

Upside resistance is at 2017 high...
Forum: Canada
Jan 24th 2018, 1:14 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

£1= $1.75

Outcome of NAFTA negotiations on Saturday will be interesting to see the impact on CAN $
Forum: Canada
Jan 23rd 2018, 3:39 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

NAFTA Round 5 (https://www.poundsterlinglive.com/cad/8368-canadian-dollar-is-unprepared-for-nafta-tape-bombs-this-week-these-are-the-issues) starts today. If Trump pulls out of NAFTA, expect the CAN...
Forum: Canada
Jan 17th 2018, 2:15 pm
Replies: 109
Views: 27,360
Posted By glendem4

Re: Exchange Rate

Bank of Canada (https://www.bankofcanada.ca/) increase interest rates by 0.25% to 1.25%

Let's hope it continues raise rates in 2018 and kills the property bubble in Ontario

£1=$1.72
Showing results 1 to 25 of 35
 


 
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