Pound = $ 1-64
#317
Re: Pound = $ 1-64
Around Westerham is one of my favourite spots in Kent and you can buy a decent property there for half that
Each to their own, but I didn't think much of most of the homes in your link. I would want something bigger.
#318
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: Pound = $ 1-64
Those are sterling falls. If you look at prices in the UK in A$ then the have fallen far more around 30% or more in fact that's one of the reasons London prices have not collapsed I.e. foreigners buying them up while they are cheap although that's mostly at the top end.
#319
Re: Pound = $ 1-64
Those are sterling falls. If you look at prices in the UK in A$ then the have fallen far more around 30% or more in fact that's one of the reasons London prices have not collapsed I.e. foreigners buying them up while they are cheap although that's mostly at the top end.
#320
Re: Pound = $ 1-64
Looks like that is exactly what has happened in the last 12 months.
1.6 (last Nov), down to 1.47 (last Feb), up to 1.6 (in May), down to 1.48 (in Aug), back to 1.59 (7th Oct).
#321
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Pound = $ 1-64
Interesting. Maybe some better news out of the UK will push it up a bit? Or is it the strong dollar rather than the weak pound (GBPeso ). Guess it's a bit of both. I still derive some of my income from Blighty so nearer $2.00 would be nice. Would help some prospective migrants too.
#323
Re: Pound = $ 1-64
Interesting. Maybe some better news out of the UK will push it up a bit? Or is it the strong dollar rather than the weak pound (GBPeso ). Guess it's a bit of both. I still derive some of my income from Blighty so nearer $2.00 would be nice. Would help some prospective migrants too.
One big crash will change all that of course......but at this point in time, Aus remains as just one of a handful of countries in the world rated as AAA/Stable, with all of the economic fundamentals remaining strong.
http://www.investinaustralia.com/new...utlook-2012-13
#324
Re: Pound = $ 1-64
the RBA is silently pushing for a weaker AUD.
"Despite the RBA's "passive" action, the Aussie is currently trading at $US1.036, nearly the same level as before the RBA cut the cash rate on October 2, an action that typically weighs on the dollar."
#325
Re: Pound = $ 1-64
i know. when central banks around the world start buying AUDs due to flight to (perceived) quality, the RBA can't do much unless strict active FX controls are implemented.
#326
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Pound = $ 1-64
Interesting. Maybe some better news out of the UK will push it up a bit? Or is it the strong dollar rather than the weak pound (GBPeso ). Guess it's a bit of both. I still derive some of my income from Blighty so nearer $2.00 would be nice. Would help some prospective migrants too.
Interestingly I heard some pundit in Asia predicting the $A could go to 1.17 v US early next year.
#327
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Pound = $ 1-64
Funny how different people wish for different things. I have a lot of pounds in the UK but they can sit there as far as I'm concerned. Happy for the $A to keep going if I'm earning $A.
Interestingly I heard some pundit in Asia predicting the $A could go to 1.17 v US early next year.
Interestingly I heard some pundit in Asia predicting the $A could go to 1.17 v US early next year.
It's worked so far We'll see.
#328
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Pound = $ 1-64
Those of us with dosh and /or income in both countries are in a bit of a win win situation. If the Aus economy keeps going well, my income here is more assured. If it goes a bit skewif, the pound may strengthen and my UK income will be effectively bigger.
It's worked so far We'll see.
It's worked so far We'll see.
#329
ForEx Specialist
Joined: Sep 2012
Posts: 98
Re: Pound = $ 1-64
With mixed data coming from China and a clear signal from the Reserve Bank of Australia that interest rates are on hold for now, there is every reason to see further weakness in the Australian Dollar. However, that isn’t happening right now. The Sterling – Australian Dollar exchange rate is in an uneasy equilibrium in the middle of a range it has occupied for the last 6 months. Support for the Pound around 1.5350 is very evident and Aussie Dollar buyers can be found lurking around 1.5650 and 1.5850. If we do get a break to higher levels, 1.60 is the big psychological barrier which ought to cap this pair for now. 1.60 is also a trendline resistance level and a long term Fibonacci resistance level. If the Pound really does flop, expect further support at the august low of 1.47 and the longer term channel support at 1.44.
For further currency and market updates please visit our british expats forum;
http://britishexpats.com/forum/forumdisplay.php?f=185
For further currency and market updates please visit our british expats forum;
http://britishexpats.com/forum/forumdisplay.php?f=185
#330
Forum Regular
Joined: Oct 2012
Posts: 84
Re: Pound = $ 1-64
Yes. The almighty american economy is at imminent risk of default (unlikely) or downgrade (more likely by the hour). Aus, with a solid economy at this point in time, and with interest rates tipped to rise again, is a good place for the investors to flock to right now, even if it may be only temporary while the US/Europe work through their respective messes....