$1.85450 to 1 Gbp
#16
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?
Trends are also important. 1 example - UK unemployment is 7.4%, Australian unemployment rate is 5.8%. BUT, UK unemployment was expected to be 7.6% and Australian unemployment rate is up from 5.7% so UK's figures are 'good' news and Australia's figures are 'bad' news.
Go back and list GDP growth figures for UK and Australia for say 5 years. UK has been a basket case but Australia has been one of the least GFC affected major economies so very good growth figures. Coming off such a flat base UK is now showing good growth.
Some analysis here if you want more than soundbites:
http://www.futurecurrencyforecast.co...-rebound/23295
#17
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $1.85450 to 1 Gbp
It was what some of the smartarses were saying on here whilst gloating about the 'demise' of the UK.
Last edited by Grayling; Dec 20th 2013 at 8:51 pm.
#18
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: $1.85450 to 1 Gbp
No need to take the suggested demise of the UK as a personal insult. They were saying that about the US too. And if they thought clearly enough Australia usually hits trouble 2 or 3 years after the rest of the world.
#19
BE Forum Addict
Joined: Oct 2011
Posts: 1,217
Re: $1.85450 to 1 Gbp
Gutting for those of us trying to send $ back to £ though..
#21
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: $1.85450 to 1 Gbp
People who even had any inkling about what was going on always talked about the US...particularly more recently measured in years.
#22
Re: $1.85450 to 1 Gbp
No they didn't. Do a search on any threads related to the strength of the AUD to the UKP and you will see that the BE Economists quite happily talked down the UKP. I've posted on this before.
#23
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: $1.85450 to 1 Gbp
the cause, or even about the health of the economy?I know G is grumbling about anything that reports the Uk economy in a poor light preferring to talk about his family's finances
rather than micro or macro economics.
I do know that for years people observed the fall of the Gbp and so it came to pass..and it's finally improving.
I of course don't credit this fall to Be...much of the talk was the reflection of what was happening..gleaned from secondary sources.
I do know people have mentioned the Us a lot recently as a cause and indeed a factor, and the Us has often been mentioned by lots of people on Be.
Last edited by BadgeIsBack; Dec 23rd 2013 at 12:31 am.
#24
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: $1.85450 to 1 Gbp
Man this dollar keeps rising. Good as I want to send some dollars to the UK, bad as I thought it was on the eternal slide.
Unemployment figures came out lower than expected today and its gone off for another climb again.
Unemployment figures came out lower than expected today and its gone off for another climb again.
#25
Re: $1.85450 to 1 Gbp
I have faith that Hockey will screw things up. Even though the general economy seems to be looking up - he's still talking up the idea of a slash'n'burn budget. Nothing like some major unforced job losses and austerity budget for spooking the markets.
#26
Re: $1.85450 to 1 Gbp
Is the US recovering or is it smoke and mirrors? USD says later. Same for the UK
Australia is doing okay - just okay but nothing to really boost the AUD so much
Commodity prices are not collapsing - which is always going to support the AUD
#28
Re: $1.85450 to 1 Gbp
thank god my US dollars came in yesterday...
i was hoping for it to come in weeks ago
i was hoping for it to come in weeks ago