Pound = $ 1-64
May 4th 2011, 6:04 am
#91
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Pound = $ 1-64
BTW, GBP did hit a new squillion year low last night at around $1.512...recovered a bit though.
May 4th 2011, 7:14 am
#92
BE Enthusiast
Joined: Aug 2009
Posts: 576
Re: Pound = $ 1-64
Yeah, just dipped very slightly below what it was on January 3rd.
May 10th 2011, 8:52 pm
#93
BE Forum Addict
Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: Pound = $ 1-64
My exchange app showing $1.51 this morning
May 11th 2011, 12:16 am
#94
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
@1.508......will be interesting to see if it floors through 1.5 !
"Sterling is lower on speculation that the BoE will lower its economic growth forecasts.
The GBP extended its declines even after data showed that UK retail sales and house prices both rose in April.
Bets on higher borrowing costs have now been reduced to the lowest levels of the year, with investors currently pricing in only a 0.25% increase in the BoE's benchmark rate by 2012."
"Sterling is lower on speculation that the BoE will lower its economic growth forecasts.
The GBP extended its declines even after data showed that UK retail sales and house prices both rose in April.
Bets on higher borrowing costs have now been reduced to the lowest levels of the year, with investors currently pricing in only a 0.25% increase in the BoE's benchmark rate by 2012."
Last edited by DownUnderPaddy; May 11th 2011 at 12:20 am.
May 11th 2011, 1:32 am
#95
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Pound = $ 1-64
@1.508......will be interesting to see if it floors through 1.5 !
"Sterling is lower on speculation that the BoE will lower its economic growth forecasts.
The GBP extended its declines even after data showed that UK retail sales and house prices both rose in April.
Bets on higher borrowing costs have now been reduced to the lowest levels of the year, with investors currently pricing in only a 0.25% increase in the BoE's benchmark rate by 2012."
"Sterling is lower on speculation that the BoE will lower its economic growth forecasts.
The GBP extended its declines even after data showed that UK retail sales and house prices both rose in April.
Bets on higher borrowing costs have now been reduced to the lowest levels of the year, with investors currently pricing in only a 0.25% increase in the BoE's benchmark rate by 2012."
It will now, I just bought some more pounds. Seemed too good a rate not to
.
May 11th 2011, 1:56 am
#96
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Pound = $ 1-64
@1.508......will be interesting to see if it floors through 1.5 !
"Sterling is lower on speculation that the BoE will lower its economic growth forecasts.
The GBP extended its declines even after data showed that UK retail sales and house prices both rose in April.
Bets on higher borrowing costs have now been reduced to the lowest levels of the year, with investors currently pricing in only a 0.25% increase in the BoE's benchmark rate by 2012."
"Sterling is lower on speculation that the BoE will lower its economic growth forecasts.
The GBP extended its declines even after data showed that UK retail sales and house prices both rose in April.
Bets on higher borrowing costs have now been reduced to the lowest levels of the year, with investors currently pricing in only a 0.25% increase in the BoE's benchmark rate by 2012."
May 11th 2011, 1:57 am
#97
The Mango King
Joined: Nov 2005
Location: Pullenvale, Brisbane
Posts: 246
Re: Pound = $ 1-64
We're all going back to the UK for a holiday in June and July.....this low GBP to AUD is fantastic for us.
Not so good for my MIL who's money is in the UK, but has her visa for Oz.
Not so good for my MIL who's money is in the UK, but has her visa for Oz.
May 11th 2011, 3:08 am
#98
BE Forum Addict
Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: Pound = $ 1-64
To put it simply, they CAN'T put them up, the consqequences would be too much.
Looking like 2013 before we'll see a rate hike in the UK, maybe longer. Expect a Japan like multi decade period of stagflation.
May 11th 2011, 5:38 am
#99
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Pound = $ 1-64
Now - where does one go to find jobs in the UK these days?
May 11th 2011, 10:59 am
#100
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
Tut tut... schoolboy error indeed.
What you have to do is take your UK wage, multiple that by 2.2, then multiple that by the current exchange rate to get what you need to earn here in Oz to have a comparable standard of living.
So lets say 40k UKP x 2.2 = 88000 x exchange rate of 1.51 = $132,880
See how easy that was?
You do, of course have to keep adjusting that 2.2 number, according to the current real exchange rate, to make these calculations work
What you have to do is take your UK wage, multiple that by 2.2, then multiple that by the current exchange rate to get what you need to earn here in Oz to have a comparable standard of living.
So lets say 40k UKP x 2.2 = 88000 x exchange rate of 1.51 = $132,880
See how easy that was?
You do, of course have to keep adjusting that 2.2 number, according to the current real exchange rate, to make these calculations work
May 11th 2011, 2:28 pm
#101
Banned
Joined: Aug 2008
Posts: 22,348
Re: Pound = $ 1-64
Just find the money to buy a house and stay here - just rent it out. You'd be onto a winner within the next decade or so.
May 11th 2011, 10:09 pm
#102
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
May 12th 2011, 10:00 am
#103
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Pound = $ 1-64
Lonely Planet moving jobs from Melbourne to London - citing strength of A$ as the reason:
http://www.theaustralian.com.au/busi...-1226054485556
http://www.theaustralian.com.au/busi...-1226054485556
May 12th 2011, 11:12 am
#104
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Pound = $ 1-64
Lonely Planet moving jobs from Melbourne to London - citing strength of A$ as the reason:
http://www.theaustralian.com.au/busi...-1226054485556
http://www.theaustralian.com.au/busi...-1226054485556
http://www.smh.com.au/travel/travel-...512-1ejt7.html
May 12th 2011, 10:38 pm
#105
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: Pound = $ 1-64
Lonely Planet moving jobs from Melbourne to London - citing strength of A$ as the reason:
http://www.theaustralian.com.au/busi...-1226054485556
http://www.theaustralian.com.au/busi...-1226054485556
I suspect that the real reason is that the majority shareholder has recently become British.