$1.85450 to 1 Gbp
#1
Forum Regular
Thread Starter
Joined: Jan 2013
Posts: 274
$1.85450 to 1 Gbp
Now thats a nice Xmas present, onwards and upwards. Why is it happening though and how high could it go? Not looked for weeks, months, the last time i looked it was $1.5 to 1 Gbp. So thats a hell of a jump. Good for new arrivals will make the whole experience alo more pleasureable.
#2
Re: $1.85450 to 1 Gbp
Now thats a nice Xmas present, onwards and upwards. Why is it happening though and how high could it go? Not looked for weeks, months, the last time i looked it was $1.5 to 1 Gbp. So thats a hell of a jump. Good for new arrivals will make the whole experience alo more pleasureable.
Could see better rates still after Christmas if things progress as expected. RBA wants US$0.85
#3
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.85450 to 1 Gbp
Yes many factors, as Garry says UK economy showing good signs, Aussie economy slowing mostly.
#4
Re: $1.85450 to 1 Gbp
An interesting theory
Last edited by Amazulu; Dec 19th 2013 at 8:18 am.
#5
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $1.85450 to 1 Gbp
Not so long ago we were being told that the decline of the pound was because the British economy was doing badly and the Australian economy was so strong.
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
#6
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.85450 to 1 Gbp
Not so long ago we were being told that the decline of the pound was because the British economy was doing badly and the Australian economy was so strong.
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
#7
Forum Regular
Joined: Dec 2013
Posts: 218
Re: $1.85450 to 1 Gbp
Not so long ago we were being told that the decline of the pound was because the British economy was doing badly and the Australian economy was so strong.
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
http://www.tradingeconomics.com/char...p.png?s=wgdpuk
http://www.tradingeconomics.com/char...png?s=wgdpaust
http://www.tradingeconomics.com/char...rnygdppcapppcd
http://www.tradingeconomics.com/char...snygdppcapppcd
#8
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $1.85450 to 1 Gbp
#10
Re: $1.85450 to 1 Gbp
Not so long ago we were being told that the decline of the pound was because the British economy was doing badly and the Australian economy was so strong.
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
Now, apparently, it is all to do with the American Dollar and nothing to do with the respective economies at all
Amazing how economic theories change isn't it?
That's been the trend since March of this year, really kicking into high gear mid Nov.
Its the same drivers, the same sentiment, for over 5 years now.
The only questionable bit is one of the reasons the Oz trend looks bad (besides the lack of confidence in Hockey over Swan) is the slowdown in China's demand - which suggests that another GFC might be round the corner - this time starting in China.
#12
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $1.85450 to 1 Gbp
It's not complicated. For a while now the Oz dollar has been trending downwards as people considered Australia to be doing badly, and the UK/US to be doing better. That bought it to ~1.81. Then yesterday night the US finally slowed down, slightly, the QE money machine - bringing it to ~1.85. The thinking is that the effects from the GFC are finally playing out, and so the trend is back towards the 2.40:1 that's been the historical average.
That's been the trend since March of this year, really kicking into high gear mid Nov.
Its the same drivers, the same sentiment, for over 5 years now.
The only questionable bit is one of the reasons the Oz trend looks bad (besides the lack of confidence in Hockey over Swan) is the slowdown in China's demand - which suggests that another GFC might be round the corner - this time starting in China.
That's been the trend since March of this year, really kicking into high gear mid Nov.
Its the same drivers, the same sentiment, for over 5 years now.
The only questionable bit is one of the reasons the Oz trend looks bad (besides the lack of confidence in Hockey over Swan) is the slowdown in China's demand - which suggests that another GFC might be round the corner - this time starting in China.
#13
Re: $1.85450 to 1 Gbp
It's not complicated. For a while now the Oz dollar has been trending downwards as people considered Australia to be doing badly, and the UK/US to be doing better. That bought it to ~1.81. Then yesterday night the US finally slowed down, slightly, the QE money machine - bringing it to ~1.85. The thinking is that the effects from the GFC are finally playing out, and so the trend is back towards the 2.40:1 that's been the historical average.
That's been the trend since March of this year, really kicking into high gear mid Nov.
Its the same drivers, the same sentiment, for over 5 years now.
The only questionable bit is one of the reasons the Oz trend looks bad (besides the lack of confidence in Hockey over Swan) is the slowdown in China's demand - which suggests that another GFC might be round the corner - this time starting in China.
That's been the trend since March of this year, really kicking into high gear mid Nov.
Its the same drivers, the same sentiment, for over 5 years now.
The only questionable bit is one of the reasons the Oz trend looks bad (besides the lack of confidence in Hockey over Swan) is the slowdown in China's demand - which suggests that another GFC might be round the corner - this time starting in China.
#14
Re: $1.85450 to 1 Gbp
Can I change my haddock vote?
Oh, and can I change the haddock for a swordfish?
First rule of politics club - always call for what is going to happen anyway, it makes it look like you are in control and ahead of the game.
I'm surprised they haven't called for a 'reduced emphasis on mining', together with 'a move away from manufacturing'...
Oh, and can I change the haddock for a swordfish?
I'm surprised they haven't called for a 'reduced emphasis on mining', together with 'a move away from manufacturing'...
#15
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: $1.85450 to 1 Gbp
Now thats a nice Xmas present, onwards and upwards. Why is it happening though and how high could it go? Not looked for weeks, months, the last time i looked it was $1.5 to 1 Gbp. So thats a hell of a jump. Good for new arrivals will make the whole experience alo more pleasureable.