$A soars against pound
Oct 8th 2009, 10:55 pm
#1
Melbourne - NE suburbs
Thread Starter
Joined: Jun 2008
Posts: 1,032
$A soars against pound
Worthy of its own thread is this one !
$A soars against pound
http://www.theage.com.au/business/a-...1008-gp0l.html
"As BusinessDay went to press, the dollar was buying 56 pence, the strongest level against the British pound since May 1985."
With the latest better than expected unemployment rate figures (dropping to 5.7% rather than increasing as expected), the markets now rate a further rate rise by the RBA next month at 88%.
"Financial markets are pricing in at least seven more quarter-point increases over the next 12 months. Taking into account the January recess for the RBA board, that estimate suggests rate rises at least every other month over the next year"
$A soars against pound
http://www.theage.com.au/business/a-...1008-gp0l.html
"As BusinessDay went to press, the dollar was buying 56 pence, the strongest level against the British pound since May 1985."
With the latest better than expected unemployment rate figures (dropping to 5.7% rather than increasing as expected), the markets now rate a further rate rise by the RBA next month at 88%.
"Financial markets are pricing in at least seven more quarter-point increases over the next 12 months. Taking into account the January recess for the RBA board, that estimate suggests rate rises at least every other month over the next year"
Last edited by DownUnderPaddy; Oct 8th 2009 at 11:11 pm.
Oct 9th 2009, 6:05 am
#2
BE Enthusiast
Joined: Nov 2007
Location: Brisbane
Posts: 453
Re: $A soars against pound
Bloody Nora - my poor pension !!
