Hmmm i'm not sure i follow your point. Currencies aren't necessarily meant to be pegged 1:1. 1£ isn't necessarily meant to be $1. Just because £1 is $1.15 right now doesn't mean that it's good for us. It's not it's very bad!
The £ has historically been worth around USD $1.6 over the last 10-20 years. We are almost at a historic all time low.
Similarly the £ has historically been worth around AUD $2.4 over the last 20 years and once again we are almost at an all time historic low.
If you think we have it good compared to these currencies then you need to take a look at the historic currency exchange charts.
Ever since the global financial crisis the £ has taken a dive. We had begun to make a slow recovery but Brexit has caused even further decline in the value of the £.
The £ is now close to historic all time lows against the USD $, Australian $, Canadian $ and Euro and many other currencies
So when you say we've got it good compared to... I'm afraid you have got it wrong. If you are buying from the UK your Canadian $ should be going further than they ever have before in your life.
The £ has historically been worth around USD $1.6 over the last 10-20 years. We are almost at a historic all time low.
Similarly the £ has historically been worth around AUD $2.4 over the last 20 years and once again we are almost at an all time historic low.
If you think we have it good compared to these currencies then you need to take a look at the historic currency exchange charts.
Ever since the global financial crisis the £ has taken a dive. We had begun to make a slow recovery but Brexit has caused even further decline in the value of the £.
The £ is now close to historic all time lows against the USD $, Australian $, Canadian $ and Euro and many other currencies
So when you say we've got it good compared to... I'm afraid you have got it wrong. If you are buying from the UK your Canadian $ should be going further than they ever have before in your life.
