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£ versus $ Is taking it squarely on the chin right now!

£ versus $ Is taking it squarely on the chin right now!

Old Jun 9th 2006, 9:59 am
  #1  
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Default £ versus $ Is taking it squarely on the chin right now!

The £ seems to be losing a lot of ground against the $ at the moment. It's just started heading into $2.46 territory.
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Old Jun 9th 2006, 10:02 am
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Default Re: £ versus $ Is taking it squarely on the chin right now!

Originally Posted by DunRoaminTheUK
The £ seems to be losing a lot of ground against the $ at the moment. It's just started heading into $2.46 territory.
As long as it goes back up in, oh lets say 26 days I don't care


Yours prayingly
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Old Jun 9th 2006, 10:21 am
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Default Re: £ versus $ Is taking it squarely on the chin right now!

Originally Posted by WendyC
As long as it goes back up in, oh lets say 26 days I don't care


Yours prayingly
Wendy

I'm sorting out my $100k bond payment at the moment and hope that it takes a surge up over the next couple of weeks too - a few points either way on even 40k makes quite a difference.

Heading South (but watching numbers at the moment)
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Old Jun 9th 2006, 10:26 am
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Default Re: £ versus $ Is taking it squarely on the chin right now!

Originally Posted by heading south
I'm sorting out my $100k bond payment at the moment and hope that it takes a surge up over the next couple of weeks too - a few points either way on even 40k makes quite a difference.

Heading South (but watching numbers at the moment)
My best uneducated guess is that the decision to leave UK interest rates at the same level has caused this current dip?
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Old Jun 9th 2006, 10:35 am
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Default Re: £ versus $ Is taking it squarely on the chin right now!

Originally Posted by DunRoaminTheUK
My best uneducated guess is that the decision to leave UK interest rates at the same level has caused this current dip?
a lot better than expected employment figures in NSW putting pressure in interest rates sooner than previously thought - see here
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Old Jun 9th 2006, 10:50 am
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Default Re: £ versus $ Is taking it squarely on the chin right now!

Originally Posted by walaj
a lot better than expected employment figures in NSW putting pressure in interest rates sooner than previously thought - see here
Well, the job situation can only be good news for those of us arriving in the short-term?
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Old Jun 9th 2006, 3:59 pm
  #7  
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Default Re: £ versus $ Is taking it squarely on the chin right now!

Originally Posted by heading south
I'm sorting out my $100k bond payment at the moment and hope that it takes a surge up over the next couple of weeks too - a few points either way on even 40k makes quite a difference.

Heading South (but watching numbers at the moment)
Hiya,
could you take out a forward contract, (10% now) paying the remainerd when the money is available?

Just a thaught

Mark
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