1.93's A$ to the Pound!!!
Oct 24th 2010 | 12:37 pm
#2416
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Oct 24th 2010 | 12:38 pm
#2417
has lost The Game
Joined: Apr 2005
Posts: 8,735
From: Chippendale, Sydney
Re: 1.93's A$ to the Pound!!!
Oct 24th 2010 | 12:45 pm
#2418
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Oct 24th 2010 | 12:54 pm
#2419
has lost The Game
Joined: Apr 2005
Posts: 8,735
From: Chippendale, Sydney
Oct 24th 2010 | 1:22 pm
#2420
BE Enthusiast
Joined: Jun 2007
Posts: 433
From: The "Gong"
Re: 1.93's A$ to the Pound!!!
My Apologies
Serve me right for trying to be a smart arse
Stu
Serve me right for trying to be a smart arse
Stu
Oct 24th 2010 | 3:12 pm
#2421
BE Enthusiast
Joined: Sep 2009
Posts: 708
Re: 1.93's A$ to the Pound!!!
I just checked XE.com and the GBP is presently worth 1.58 Australian Dollars, I think it's time for me to start planning my next trip to the UK 
Oct 24th 2010 | 3:28 pm
#2422
Forum Regular
Joined: Apr 2009
Posts: 252
Re: 1.93's A$ to the Pound!!!
This article sums it up pretty well IMO.
http://www.guardian.co.uk/commentisf...review-economy
Its a massive punt. Noone can say what might happen because its never been tried before (and neither has QE BTW). Predicted outcomes run the spectrum, from stagnation and deflation to hyperinflation.
Will be interesting to watch, if a little uncomfortable
Bit better than the US is all you can say... or potentially further back on the curve, which is truly a scary thought.
http://www.guardian.co.uk/commentisf...review-economy
Its a massive punt. Noone can say what might happen because its never been tried before (and neither has QE BTW). Predicted outcomes run the spectrum, from stagnation and deflation to hyperinflation.
Will be interesting to watch, if a little uncomfortable
Bit better than the US is all you can say... or potentially further back on the curve, which is truly a scary thought.
Oct 24th 2010 | 6:07 pm
#2423
Joined: Mar 2010
Posts: 3,890
Re: 1.93's A$ to the Pound!!!
http://www.telegraph.co.uk/finance/c...ding-cuts.html
Will the Barmy Army be able to afford to come over this time?
Will the Barmy Army be able to afford to come over this time?
Oct 24th 2010 | 6:21 pm
#2424
BE Forum Addict
Joined: Feb 2008
Posts: 1,920
From: Hope Island, Gold Coast
Re: 1.93's A$ to the Pound!!!
What you need to remember with the Uk stock market is that the vast majority of the major companies quoted, earn most of their profits from sources which are not in Sterling, hence when they remit those earnings to the UK, it´s great for them as they can report higher Sterling profits, hence the value of their shares in Sterling increases
Oct 24th 2010 | 7:51 pm
#2425
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Re: 1.93's A$ to the Pound!!!
http://www.telegraph.co.uk/finance/c...ding-cuts.html
Will the Barmy Army be able to afford to come over this time?
Will the Barmy Army be able to afford to come over this time?
They can't just do nothing.
Oct 24th 2010 | 10:06 pm
#2426
Guest
Posts: n/a
Re: 1.93's A$ to the Pound!!!
1925 $US 2.47 to each A$
1939 $US 2.00 to each A$
1973 $US 1.40 to each A$
1983 $US 0.94 to each A$
1986 $US 0.62 to each A$
2001 $US 0.48 to each A$
2010 $US 0.99 to each A$
1939 $US 2.00 to each A$
1973 $US 1.40 to each A$
1983 $US 0.94 to each A$
1986 $US 0.62 to each A$
2001 $US 0.48 to each A$
2010 $US 0.99 to each A$
Oct 25th 2010 | 2:02 am
#2427
Joined: Jul 2010
Posts: 213
Re: 1.93's A$ to the Pound!!!
1.57 whens the pain gonna end ?
Oct 25th 2010 | 2:05 am
#2428
221b Baker Street
Joined: Jun 2010
Posts: 14,125
From: Miles from anywhere, Victoria, Australia.
Re: 1.93's A$ to the Pound!!!
At about $1.40 I'm afraid...and the pain will lessen but not much over the next two years. The things will get back to about 2:1
At the mo, I leave my UK income there and buy from the UK on the internet. Seems the best use of pounds at the moment.
I'm about $1,000 a month worse off from when I got here.........moan
At the mo, I leave my UK income there and buy from the UK on the internet. Seems the best use of pounds at the moment.
I'm about $1,000 a month worse off from when I got here.........moan
Oct 25th 2010 | 8:55 am
#2429
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
Nothing's for certain, and exchange rate speculation is one of the best examples of this, however, in the seeming absence of any other clear evidence or indicators on the horizon, plan for it to drop some more.
http://britishexpats.com/forum/showthread.php?t=690076
http://britishexpats.com/forum/showthread.php?t=690076
Last edited by DownUnderPaddy; Oct 25th 2010 at 9:01 am.
Oct 25th 2010 | 9:13 am
#2430
Joined: Jan 2005
Posts: 4,922
From: Asia Pacific
Re: 1.93's A$ to the Pound!!!
I'd agree at $1.40. The outlook for the UK is now on recession prevention and I'm not entirely certain there are the fundamentals there to really support that and more QE is likely.
With some savage cuts made and more VAT to go on its really quite bleak.
Not good reading for those who wish to migrate.
On the upside, my UK trip next month is looking better by the moment
With some savage cuts made and more VAT to go on its really quite bleak.
Not good reading for those who wish to migrate.
On the upside, my UK trip next month is looking better by the moment
