Pound = $ 1-64
Nov 21st 2012, 1:19 am
#346
BE Enthusiast
Joined: May 2005
Posts: 511
Re: Pound = $ 1-64
All is not as well as it used to be,
the high AUD really hurts the backbone of au
Once all the industry has gone and it's going faster than they would like you to think.
Nov 21st 2012, 1:23 am
#347
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
in that scenario everyone will go buy USD not GBP. i dont expect GBP-AUD to fluctuate that much unless the RBA decide enuf is enuf and will crash the AUD.
Nov 21st 2012, 2:24 am
#348
Almost more Oz than Pom
Joined: Aug 2010
Location: Brisbane northern suburbs
Posts: 1,154
Re: Pound = $ 1-64
The only reason there was a spike in 2009 (for only 2-3 months) was that when the GFC struck the financial lemmings rushed into dollars and sterling in the mistaken opinion that these were solid currencies. Do you think the same will apply if/when GFC II happens? Particularly with the close connection between the UK and the Eurozone which is the likely trigger for another GFC?
Nov 21st 2012, 7:00 am
#351
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Pound = $ 1-64
Put 5 economic 'experts' in a room and you'll get 6 opinions
Nov 21st 2012, 7:31 am
#352
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
usd enjoyed a brief rise during GFC cause they were selling foreign assets to repatriate usd's back home.
Nov 23rd 2012, 12:53 am
#355
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Pound = $ 1-64
Nov 23rd 2012, 7:39 am
#356
BE Enthusiast
Joined: Oct 2008
Location: Brisvegas
Posts: 460
Re: Pound = $ 1-64
Excellent news! I'll be able to afford to live in Australia. I might even buy some bananas and lettuce.
Nov 23rd 2012, 7:45 am
#357
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.
Jan 17th 2013, 7:47 pm
#358
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
Looking like business as usual for now.
Jan 18th 2013, 1:07 am
#359
Joined: May 2006
Location: Melbourne - London - Bangkok - Melbourne - Kuala Lumpur - Melbourne
Posts: 658
Re: Pound = $ 1-64
http://www.businessspectator.com.au/...ent_spectators
