1.93's A$ to the Pound!!!
Oct 31st 2010, 12:47 pm
#2446
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Joined: Sep 2007
Location: Ferny Grove
Posts: 1,496
Re: 1.93's A$ to the Pound!!!
There seem to be two ways out for over indebted western economies, either try to borrow more & print your way out (which the USA is going for) or cut back & try to repay your debts, I think the latter is the least bad choice Whether the UK is cutting too much too fast only time will tell. Going the USA route would be disastrous for the UK, and may be for them too.
UK cuts I'm very torn on. Some make sense, some are utter madness. What they're doing on defence is complete insanity.
Oct 31st 2010, 8:20 pm
#2447
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Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
US has a huge trade deficit so a weaker currency also means more expensive imports, what they seem to be trying to do is to destroy (not devalue) the dollar, making their mountainous debt more affordable. The US will eventually default on its debt, when you look at the figures theres no way it can ever be repaid.
Nov 2nd 2010, 8:02 am
#2448
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: 1.93's A$ to the Pound!!!
Well I picked the wrong day to change my money didn't I 
Ended up getting 58.7p (including an adjustment for the fee) - the XE.com rate was just over 61p
I'm happy with that though. Last time I sent my son some cash, it was less than 50p to the dollar and I thought that was good
Ended up getting 58.7p (including an adjustment for the fee) - the XE.com rate was just over 61p
I'm happy with that though. Last time I sent my son some cash, it was less than 50p to the dollar and I thought that was good
Nov 4th 2010, 12:36 pm
#2449
BE Forum Addict
Joined: Sep 2007
Location: Ferny Grove
Posts: 1,496
Re: 1.93's A$ to the Pound!!!
US has a huge trade deficit so a weaker currency also means more expensive imports, what they seem to be trying to do is to destroy (not devalue) the dollar, making their mountainous debt more affordable. The US will eventually default on its debt, when you look at the figures theres no way it can ever be repaid.
Can't help but wonder if they're going to risk hyperinflation as a strategy....
Nov 4th 2010, 9:05 pm
#2450
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Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
They may get hyperinflation but I don't think the USD will still exist in 10 years wither way.
Glad I swapped a bit more worthless paper for gold this week
Nov 11th 2010, 10:09 am
#2451
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
According to teletext late night overseas trading ended on 1.8085--my prediction earlier in the week of 1.88-1.93[?] by the end of sept seems to be coming true far faster than I envisaged.Will stick by my forecast of two to the pound by 1st Jan.Lets see what the new week brings.Any more thoughts anyone???
Nov 30th 2010, 10:07 pm
#2452
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
I'M BACK!
in Sydney now and earning dollars - so come on let's have 1.50!!!!!!
I love these little golden nuggets in my pocket!!!!
Have about 100 quid left in wallet and just laugh at it when I open, keep it in there just in case there's a toilet paper emergency!
in Sydney now and earning dollars - so come on let's have 1.50!!!!!!
I love these little golden nuggets in my pocket!!!!
Have about 100 quid left in wallet and just laugh at it when I open, keep it in there just in case there's a toilet paper emergency!
Dec 11th 2010, 1:11 am
#2453
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Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
Now I'm not saying I believe this for one minute but...
Sterling will be strongest major currency in 2011, says Barclays
Sterling will be strongest major currency in 2011, says Barclays
Dec 11th 2010, 2:20 am
#2454
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: 1.93's A$ to the Pound!!!
Now I'm not saying I believe this for one minute but...
Sterling will be strongest major currency in 2011, says Barclays
Sterling will be strongest major currency in 2011, says Barclays
Dec 17th 2010, 2:23 pm
#2456
BE Forum Addict
Joined: Sep 2007
Location: Ferny Grove
Posts: 1,496
Re: 1.93's A$ to the Pound!!!
with 1.58 yesterday..........makes UK Christmas easier and my prof subs cheaper at least...
Dec 17th 2010, 9:20 pm
#2457
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
Yes, I'm hopping on a plane to the UK for Christmas - will be bringing back a load of cheap stuff!
Dec 17th 2010, 9:24 pm
#2458
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Dec 17th 2010, 9:26 pm
#2459
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
