Sherlock Holmes

US $ 1.5205 +0.00 +0.001
Euro 1.2131 +0.00 +0.003
Yen 133.4801 +0.04 +0.000
Swiss Franc 1.6166 +0.00 +0.000
Canadian $ 1.6161 +0.00 +0.001
Australian $ 1.8069 +0.00 +0.001
NZ $ 2.2093 +0.00 +0.001
S African Rand 11.7855 -0.05 -0.004


There was talk of hitting $1.80 soon, and here were are. These figures are from today's UK Telegraph.

Alfresco

Yes and let's hope it does better next week.

paulry

Interestingly, 1.80 is the average rate that it's been over the past year. A year ago today the rate was 2.05

Les Avalook

Not sure that the average has been $1.80, I make it 14 weeks of $1.80 or above and 38 weeks of below $1.80.

I stopped doing weekly transfers when the rate dropped below $1.70 in March this year. Agree that July was $2, the last time I saw that number.

Hope to do some catch-up now the rate has improved.

wilf70

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???

Sherlock Holmes

Just an aside:


From the UK Telegraph:


In a move that removes any doubt about the Coalition's view on joining the European single currency, the Euro Preparations Unit (EPU) of the Treasury has been scrapped.

wilf70

Yippeee!!!to the above--a very politically inspired currency that will fairly soon be flushed down the [insert your own word or phrase]

Sherlock Holmes

-

bcworld

...surprised any such thing existed...wasn't Gordon fairly anti-€??

wilf70

Not absolutely sure--but think neutral is a better word[unless it was in his interest].Anyone know his views on this???

paulry

Great news! Now all they need to do is pull out of the EUSSR

paulry

Crash was the master of deceit - along with the rest of Za-Nu Labour. Thank God that everyone at last seems to be seeing them for what they are and consigned them to the dusbin

wilf70

agreed paulry--I sense an interesting week ahead.Gov't trailing possibility of 40% cuts.Very doubtful--I sense a touch of paint it the very darkest black and then settle for the gray.

pemajoka

If we get $2 by 1st jan any chance of $2.1 or even $2.2 by july 2011 now that would really be a bonus for me. What are the thoughts Mr Wilf70 or even MrCro????
pete

wilf70

Thanks for thoughts Pemajoka.Yes I think that is possible.I'm in optimistic school of thought where the uk economy is concerned[we are small in number but growing and vociferous!!!].The gov't expenditure report in the next autumn is a crucial macroeconimic factor.Whatever happens life is going to be tough all round and Oz will be not different.They have a shocking housing bubble that will burst[Jeremy grantham--a very big hedge fund manager has forecast a 42% fall before some form of realism kicks in].There are those who think there will be a massive world wide depression---I just think we are in for a prolonged recession