Pound = $ 1-64
Oct 30th 2012, 11:15 am
#333
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
there's a pipeline of approx half trillion dollars of investments lined up in the resources sector.
Oct 30th 2012, 10:22 pm
#334
BE Enthusiast
Joined: Oct 2008
Location: Brisvegas
Posts: 460
Re: Pound = $ 1-64
I am no financial expert, but seem to have a gift for doing most financial transactions at the wrong time - buying houses that then drop in price, picking poor investments, moving to Oz as the pound dived so I couldn't bring over savings etc. If I get it consistently wrong, then I should be able to predict what's right by doing the opposite of what I'd like to do??
Anyhow, I really want to return to the UK in a couple of years. We will be exchanging any $ assets into GBP at that time. Expect the AUD to drop significantly at the time of my return, even for a brief period it may get to $2.5 AUD to the pound. No definite dates yet but I'll keep you posted.
Anyhow, I really want to return to the UK in a couple of years. We will be exchanging any $ assets into GBP at that time. Expect the AUD to drop significantly at the time of my return, even for a brief period it may get to $2.5 AUD to the pound. No definite dates yet but I'll keep you posted.
Oct 31st 2012, 7:00 pm
#335
Happy migrant
Joined: Oct 2006
Location: Newcastle , NSW
Posts: 6,756
Re: Pound = $ 1-64
I am no financial expert, but seem to have a gift for doing most financial transactions at the wrong time - buying houses that then drop in price, picking poor investments, moving to Oz as the pound dived so I couldn't bring over savings etc. If I get it consistently wrong, then I should be able to predict what's right by doing the opposite of what I'd like to do??
Anyhow, I really want to return to the UK in a couple of years. We will be exchanging any $ assets into GBP at that time. Expect the AUD to drop significantly at the time of my return, even for a brief period it may get to $2.5 AUD to the pound. No definite dates yet but I'll keep you posted.
Anyhow, I really want to return to the UK in a couple of years. We will be exchanging any $ assets into GBP at that time. Expect the AUD to drop significantly at the time of my return, even for a brief period it may get to $2.5 AUD to the pound. No definite dates yet but I'll keep you posted.
Sounds like me!
Oct 31st 2012, 9:31 pm
#336
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
I am no financial expert, but seem to have a gift for doing most financial transactions at the wrong time - buying houses that then drop in price, picking poor investments, moving to Oz as the pound dived so I couldn't bring over savings etc. If I get it consistently wrong, then I should be able to predict what's right by doing the opposite of what I'd like to do??
Anyhow, I really want to return to the UK in a couple of years. We will be exchanging any $ assets into GBP at that time. Expect the AUD to drop significantly at the time of my return, even for a brief period it may get to $2.5 AUD to the pound. No definite dates yet but I'll keep you posted.
Anyhow, I really want to return to the UK in a couple of years. We will be exchanging any $ assets into GBP at that time. Expect the AUD to drop significantly at the time of my return, even for a brief period it may get to $2.5 AUD to the pound. No definite dates yet but I'll keep you posted.
Nov 1st 2012, 1:50 am
#340
Forum Regular
Joined: Oct 2012
Posts: 84
Re: Pound = $ 1-64
Just for curiousity why dont Bank of England brings £1=AUD$1=USD$1=CAD$1 (parity)?Low £ (parity) will help and boost UK manufacturing.Within few years £ can recover (provided they dont fund Euro (specially Greece, Spain etc.))
Nov 1st 2012, 1:55 am
#341
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
how can the uk afford oil priced in usd at that rate?
Nov 20th 2012, 6:01 pm
#342
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
Reserve currency status !
That's an interesting turn of events.
http://m.theage.com.au/business/imf-...120-29o5x.html
That's an interesting turn of events.
http://m.theage.com.au/business/imf-...120-29o5x.html
Nov 20th 2012, 6:45 pm
#343
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
oh it could hurt local industries? oz govt should oppose it and RBA should fund overseas central bank purchases of AUD thru QE!
Nov 21st 2012, 12:49 am
#344
Almost more Oz than Pom
Joined: Aug 2010
Location: Brisbane northern suburbs
Posts: 1,154
Re: Pound = $ 1-64
Thread title is way out of date, the pound hasn't been above $1.615 all year and is currently $1.534. Roll on next year's European holiday!
In 2003 the pound was at A$2.77 - with the exception of a brief blip in Sept/Oct 2008 (the GFC) it has basically been falling ever since. Don't hold your breath waiting for a significant rise in the foreseeable future.
In 2003 the pound was at A$2.77 - with the exception of a brief blip in Sept/Oct 2008 (the GFC) it has basically been falling ever since. Don't hold your breath waiting for a significant rise in the foreseeable future.
Last edited by KJCherokee; Nov 21st 2012 at 12:55 am.
Nov 21st 2012, 1:04 am
#345
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Pound = $ 1-64
Thread title is way out of date, the pound hasn't been above $1.615 all year and is currently $1.534. Roll on next year's European holiday!
In 2003 the pound was at A$2.77 - with the exception of a brief blip in Sept/Oct 2008 (the GFC) it has basically been falling ever since. Don't hold your breath waiting for a significant rise in the foreseeable future.
In 2003 the pound was at A$2.77 - with the exception of a brief blip in Sept/Oct 2008 (the GFC) it has basically been falling ever since. Don't hold your breath waiting for a significant rise in the foreseeable future.
Of course, this all assumes that we make it past the Mayan doomsday next month.
