1.93's A$ to the Pound!!!
Jul 22nd 2010, 11:08 pm
#2101
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
Jul 23rd 2010, 12:40 am
#2102
Forum Regular
Joined: Apr 2009
Posts: 252
Re: 1.93's A$ to the Pound!!!
All eyes on the European bank stress tests... if they go well, E will get a boost and the GBP will stay where it is... if they go bad, GBP might get a big boost...
US economy looking a little suspect right now (no jobs), so that could be next weeks story - jitters about the global economy leading to a flight from risk (GBPup AUDdown)...
UK economy is still very screwed however, so long-term picture there very bad. Likely a slightly better version of Ireland...
all IMHO obviously :-)
US economy looking a little suspect right now (no jobs), so that could be next weeks story - jitters about the global economy leading to a flight from risk (GBPup AUDdown)...
UK economy is still very screwed however, so long-term picture there very bad. Likely a slightly better version of Ireland...
all IMHO obviously :-)
Jul 23rd 2010, 9:52 am
#2103
Forum Regular
Joined: Feb 2010
Posts: 181
Re: 1.93's A$ to the Pound!!!
GDP figures just out---very large jump;far above what was anticipated.Construction highest for 50 years--given that this industry tends to be a leader for what is to come then my contention that the UK economy is in far better shape than the pundits will admit seems to be coming true.Also noticed that immediately figures out civil servants tried to talk them down---under orders to keep pound rate low????
Jul 23rd 2010, 10:09 am
#2104
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: 1.93's A$ to the Pound!!!
UK economic growth jumps to 1.1%
The UK economy grew by a faster-than-expected 1.1% in the second quarter of the year, according to official data.
The figure - a preliminary estimate from the Office for National Statistics (ONS) - was almost double the 0.6% growth rate expected by economists.
It was also a marked pick-up in pace from the 0.3% growth of the first three months of the year.
Much of the growth came from the key services sector, which makes up about three-quarters of the UK economy.
The UK economy grew by a faster-than-expected 1.1% in the second quarter of the year, according to official data.
The figure - a preliminary estimate from the Office for National Statistics (ONS) - was almost double the 0.6% growth rate expected by economists.
It was also a marked pick-up in pace from the 0.3% growth of the first three months of the year.
Much of the growth came from the key services sector, which makes up about three-quarters of the UK economy.
Jul 29th 2010, 11:21 pm
#2105
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
Back on June 30th there was the analysis...
Prompting the challenge....
....and the outcome, 1 month later ?
Let the chart do the talking !
Relative strength still on the increase for the £, look at charts when AUD was last at todays price against US$ then look at GBP vs US$ today, things are on the up!
1.78 is a resistance point so once that breaks then should jump into the 1.80's!
Lot's of key levels being broke at mo, DOW below 10,000 and when S&P goes sub 1000 then look out if you are holding A$'s and sill dreaming of 1.50 rate!
1.78 is a resistance point so once that breaks then should jump into the 1.80's!
Lot's of key levels being broke at mo, DOW below 10,000 and when S&P goes sub 1000 then look out if you are holding A$'s and sill dreaming of 1.50 rate!
Ok mr "currency guru". what will the exchange rate be in one months time? (30th July 10:24am).
You like to give the impression that you know what you're talking about in your posts.... but I don't think you know any more than me, my mum, or my 2 year old son in this matter.
May the battle of the currency gurus commence.
You like to give the impression that you know what you're talking about in your posts.... but I don't think you know any more than me, my mum, or my 2 year old son in this matter.
May the battle of the currency gurus commence.
Let the chart do the talking !
Jul 29th 2010, 11:51 pm
#2107
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: 1.93's A$ to the Pound!!!
Lets check the rates at 10:24am.
At 8:50am according to www.xe.com, it is 1.73168... come on......
At 10:09am according to www.xe.com, it is 1.7347...
Last edited by asprilla; Jul 30th 2010 at 1:09 am.
Jul 30th 2010, 1:41 am
#2108
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
not so fast...
Lets check the rates at 10:24am.
At 8:50am according to www.xe.com, it is 1.73168... come on......
At 10:09am according to www.xe.com, it is 1.7347...
Lets check the rates at 10:24am.
At 8:50am according to www.xe.com, it is 1.73168... come on......
At 10:09am according to www.xe.com, it is 1.7347...
Jul 30th 2010, 1:51 am
#2109
Forum Regular
Joined: Apr 2009
Posts: 39
Re: 1.93's A$ to the Pound!!!
I think you should all stop trying to guess, I hold the absolute answer to all of this.
You see, I've come to learn that the exchange goes heavily against me wherever I go in the world, when I came to Oz it dropped from 2.5 to 1.7, every time I'm ready to transfer my wages from the UK to OZ it drops a bit more. (Am still paid in the UK but live in Oz)
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
So listen up exchange rate gamblers.... I am going to England next week, so my absolute guarantee to you all is that come Wednesday, and for the 2 weeks following the pound will get strong. After Wednesday the 18th of August when I return, it'll get weak again - just around the time I have to move wages.
This isn't guess work, it's a fact.
You see, I've come to learn that the exchange goes heavily against me wherever I go in the world, when I came to Oz it dropped from 2.5 to 1.7, every time I'm ready to transfer my wages from the UK to OZ it drops a bit more. (Am still paid in the UK but live in Oz)
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
So listen up exchange rate gamblers.... I am going to England next week, so my absolute guarantee to you all is that come Wednesday, and for the 2 weeks following the pound will get strong. After Wednesday the 18th of August when I return, it'll get weak again - just around the time I have to move wages.
This isn't guess work, it's a fact.
Last edited by jamo123; Jul 30th 2010 at 1:55 am.
Jul 30th 2010, 2:15 am
#2110
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
I think you should all stop trying to guess, I hold the absolute answer to all of this.
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
This isn't guess work, it's a fact.
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
This isn't guess work, it's a fact.
http://en.wikipedia.org/wiki/List_of_minor_The_Hitchhiker's_Guide_to_the_Galaxy _characters#Rob_McKenna
Jul 30th 2010, 2:34 am
#2111
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: 1.93's A$ to the Pound!!!
I think you should all stop trying to guess, I hold the absolute answer to all of this.
You see, I've come to learn that the exchange goes heavily against me wherever I go in the world, when I came to Oz it dropped from 2.5 to 1.7, every time I'm ready to transfer my wages from the UK to OZ it drops a bit more. (Am still paid in the UK but live in Oz)
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
So listen up exchange rate gamblers.... I am going to England next week, so my absolute guarantee to you all is that come Wednesday, and for the 2 weeks following the pound will get strong. After Wednesday the 18th of August when I return, it'll get weak again - just around the time I have to move wages.
This isn't guess work, it's a fact.
You see, I've come to learn that the exchange goes heavily against me wherever I go in the world, when I came to Oz it dropped from 2.5 to 1.7, every time I'm ready to transfer my wages from the UK to OZ it drops a bit more. (Am still paid in the UK but live in Oz)
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
So listen up exchange rate gamblers.... I am going to England next week, so my absolute guarantee to you all is that come Wednesday, and for the 2 weeks following the pound will get strong. After Wednesday the 18th of August when I return, it'll get weak again - just around the time I have to move wages.
This isn't guess work, it's a fact.
Jul 30th 2010, 5:55 pm
#2112
Forum Regular
Joined: Feb 2009
Posts: 121
Re: 1.93's A$ to the Pound!!!
I was only 10c out. That's not bad is it????
pete
pete
Jul 30th 2010, 8:04 pm
#2113
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
market not shut til 5pm NY time.
stocks have wobbled today but not enough for risk aversion to kick back in, that may come around again next week though!
£ doing well against US$, making me a few quid
But A$ up against yank$ too holding above 90cents hence no big move £ vs A$
Enjoy your weekend everybody, I'm off to what's looking like a very wet pommy barbie!
stocks have wobbled today but not enough for risk aversion to kick back in, that may come around again next week though!
£ doing well against US$, making me a few quid
But A$ up against yank$ too holding above 90cents hence no big move £ vs A$
Enjoy your weekend everybody, I'm off to what's looking like a very wet pommy barbie!
Aug 2nd 2010, 12:36 pm
#2114
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: 1.93's A$ to the Pound!!!
Decent outlook for sterling, if shaky
Meanwhile in UK the PMI Manufacturing data came in slightly better than forecast at 57.3 versus 57.1 remaining above the 57 level for the fifth straight month, Over the weekend a Goldman Sachs report suggested that UK economy could outperform both US and EZ in the next year and if that would be the case then the new austerity model of PM David Cameron which asserts that economic growth can coexist with fiscal tightening will be vindicated. Although growth in UK has undoubtedly been impressive we remain skeptical the pace can bu sustained. Fiscal cuts have yet to hit the economy, and when they do in the fall the impact on aggregate demand could be much more severe than the market believes. In the meantime sterling was able to take out the 1.5800 level and if US data proves supportive the unit could see 1.6000 by the end of the week as it continues to attract speculative flows.
http://www.fx360.com/commentary/bori...-data-key.aspx
Also http://www.ft.com/cms/s/0/2ac0d296-9...44feab49a.html
Am deeply considering investing in Sterling shortly. The AUD reports in the last few days are starting to show the cracks in the economy and chinese data shows slowing also starting there. The US economy is out for the count for the considerable time ahead.
Interesting times in the next few months.
Meanwhile in UK the PMI Manufacturing data came in slightly better than forecast at 57.3 versus 57.1 remaining above the 57 level for the fifth straight month, Over the weekend a Goldman Sachs report suggested that UK economy could outperform both US and EZ in the next year and if that would be the case then the new austerity model of PM David Cameron which asserts that economic growth can coexist with fiscal tightening will be vindicated. Although growth in UK has undoubtedly been impressive we remain skeptical the pace can bu sustained. Fiscal cuts have yet to hit the economy, and when they do in the fall the impact on aggregate demand could be much more severe than the market believes. In the meantime sterling was able to take out the 1.5800 level and if US data proves supportive the unit could see 1.6000 by the end of the week as it continues to attract speculative flows.
http://www.fx360.com/commentary/bori...-data-key.aspx
Also http://www.ft.com/cms/s/0/2ac0d296-9...44feab49a.html
Am deeply considering investing in Sterling shortly. The AUD reports in the last few days are starting to show the cracks in the economy and chinese data shows slowing also starting there. The US economy is out for the count for the considerable time ahead.
Interesting times in the next few months.
Last edited by Centurion; Aug 2nd 2010 at 12:50 pm.
Aug 3rd 2010, 5:55 am
#2115
Forum Regular
Joined: Apr 2009
Posts: 39
Re: 1.93's A$ to the Pound!!!
I think you should all stop trying to guess, I hold the absolute answer to all of this.
You see, I've come to learn that the exchange goes heavily against me wherever I go in the world, when I came to Oz it dropped from 2.5 to 1.7, every time I'm ready to transfer my wages from the UK to OZ it drops a bit more. (Am still paid in the UK but live in Oz)
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
So listen up exchange rate gamblers.... I am going to England next week, so my absolute guarantee to you all is that come Wednesday, and for the 2 weeks following the pound will get strong. After Wednesday the 18th of August when I return, it'll get weak again - just around the time I have to move wages.
This isn't guess work, it's a fact.
You see, I've come to learn that the exchange goes heavily against me wherever I go in the world, when I came to Oz it dropped from 2.5 to 1.7, every time I'm ready to transfer my wages from the UK to OZ it drops a bit more. (Am still paid in the UK but live in Oz)
Every time I don't have to transfer the pound gets stronger.
I am the exchange rate influencer, forget the international markets or banks this, banks that... it's me and me alone.
So listen up exchange rate gamblers.... I am going to England next week, so my absolute guarantee to you all is that come Wednesday, and for the 2 weeks following the pound will get strong. After Wednesday the 18th of August when I return, it'll get weak again - just around the time I have to move wages.
This isn't guess work, it's a fact.
In just the last 24 hours our darling sterling has gone up to 1.746.
