Pound = $ 1-64
Apr 21st 2011, 2:30 am
#47
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Location: Melbourne
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Re: Pound = $ 1-64
AUD = US$1.08! 
Apr 21st 2011, 2:39 am
#48
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
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Re: Pound = $ 1-64
The perfect cure. And if that doesn't work then there's always a cheap box of wine.If it helps at all bond yields factor in an interest rate rise to 3% by the end of 2012. That will mean sterling's value rises considerably if it's priced correctly.
Apr 21st 2011, 2:56 am
#49
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Apr 21st 2011, 3:01 am
#52
BE Forum Addict
Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: Pound = $ 1-64
so what's caused the AUD to strengthen by nearly 2% today?
speculation?
speculation?
Apr 21st 2011, 3:02 am
#53
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Location: Melbourne
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Re: Pound = $ 1-64
http://www.afr.com/p/national/econom...4QjpmMrfEeMSLL
Interest rate rises coming (maybe).
Apr 21st 2011, 3:26 am
#54
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
Inflation (actually PPI) figures I think.
http://www.afr.com/p/national/econom...4QjpmMrfEeMSLL
Interest rate rises coming (maybe).
http://www.afr.com/p/national/econom...4QjpmMrfEeMSLL
Interest rate rises coming (maybe).
- Inflation in the UK coming in at double the BOEs target rate.
- No interest rate hike now expected in the UK until their Autumn (almost 6 months later than previously expected.
Still, as the article surmises, it is hard to see it getting much worse than where it is now. Although the continuous decline over the last few years (GBP Vs AUD) is largely warranted and not unexpected, I honestly don't see it dropping much past 1.50 for very long (if indeed it ever gets to that magic figure)
Source : http://money.uk.msn.com/investing/ar...ntid=157100914
Apr 21st 2011, 4:02 am
#55
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Pound = $ 1-64
And the "independent" BoE's mandate is to keep inflation down yet they are keeping interest rates artificially low. It's all going to end in tears.
Apr 21st 2011, 4:47 am
#56
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Apr 22nd 2011, 1:47 am
#60
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: Pound = $ 1-64
The problem is, that's a bit like waiting for the crack addict to wake up one morning and go cold turkey. In logical reasoning sounds ok, practically impossible in reality.