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GB pound vs Can $: what are the predictions?

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mandrill

mandrill

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The GBP is at a historic low vs the Can $, just at the moment yours truly is about to inherit a large legacy from a relative in England.

Does anyone know the prognostication about which way the GBP is going to go? Is it expected to dip lower or to recover? And what would be the time frame for either of those developments?

THX.
 
M

middleweight

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oagre said:
The GBP is at a historic low vs the Can $, just at the moment yours truly is about to inherit a large legacy from a relative in England.

Does anyone know the prognostication about which way the GBP is going to go? Is it expected to dip lower or to recover? And what would be the time frame for either of those developments?

THX.
Click to expand...
I had quite a large investment come my way too last year....my friend is an FX trader and told me to keep my money there for atleast 4-5 years...exchange rate will stay low (under 1.6) for next year or 2.
 
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freestuff

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middleweight said:
I had quite a large investment come my way too last year....my friend is an FX trader and told me to keep my money there for atleast 4-5 years...exchange rate will stay low (under 1.6) for next year or 2.
Click to expand...
+1. I can't see any reason why the British pound would rise against the loonie.
 
B

Bear669

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Dont be a currency trader, unless it is your f-time profession

oagre said:
The GBP is at a historic low vs the Can $, just at the moment yours truly is about to inherit a large legacy from a relative in England.

Does anyone know the prognostication about which way the GBP is going to go? Is it expected to dip lower or to recover? And what would be the time frame for either of those developments?

THX.
Click to expand...
In other words, if you want to visit UK occasionally or a lot- keep a stash there and convert the rest to where you want to live and spend.

Over the medium-long term it would take a hell of an analysis to convince me to invest in GBP. North sea oil is running out, the government finances are in far worse shape than Canada, we have the resources, etc etc.
 
L

LateComer

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Nov 8, 2002
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My prediction is that the Euro, US $ and Cdn $ will be at par with each other within 2 years. The Pound will go down to $1.20 Cdn. I am not a currency trader and this prediction is really just a guess based on the relative strength of the various economies.
 
L

luckyjackson

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Aug 19, 2001
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I know nothing about international finance, but find the topic interesting when I hear the informed discuss it. Recently on the Economist pod cast they referred to our currency as an oil currency. When oil goes up, as it is expected to with any recovery, our dollar should go even higher. That's not the only factor, they also talked about international money looking for stability, but both those argue for a strong Cdn currency.
 
mandrill

mandrill

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Aug 23, 2001
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luckyjackson said:
I know nothing about international finance, but find the topic interesting when I hear the informed discuss it. Recently on the Economist pod cast they referred to our currency as an oil currency. When oil goes up, as it is expected to with any recovery, our dollar should go even higher. That's not the only factor, they also talked about international money looking for stability, but both those argue for a strong Cdn currency.
Click to expand...
It's pretty obvious that the CAD$ is tied to oil. A couple of years ago the loonie was worth USD $0.67, but now we are practically at par and that is all to do with oil price increases. The ? is what is floating the UK economy, I guess. Bear in mind that London is still the world's 2nd largest financial centre and that shipping and international trade is a very significant part of the UK economy.
 
H

hinz

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Hmm...why should I care the GBP? :rolleyes:

Other than Loonie, Uncle Sams and RMB are more important than any other currencies, even Euro.
 
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