1.93's A$ to the Pound!!!
Sep 18th 2009, 5:36 pm
#211
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
yip good on ya mate, takes balls because nobody knows what rate will do and anyone profiting deserves credit.
I had so many opportunities 2.48, 2.38. down to 2 in december, then 2.28 Jan and downhill ever since!!! But held on hoping for spike rates again.
Well and truely bit me on ass now!
I had so many opportunities 2.48, 2.38. down to 2 in december, then 2.28 Jan and downhill ever since!!! But held on hoping for spike rates again.
Well and truely bit me on ass now!
Sep 18th 2009, 11:55 pm
#212
BE Forum Addict
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
Re: 1.93's A$ to the Pound!!!
I feel exactly the same as you MrCro!
Whilst we have done well on our UK equity (built up over 26 years of mortgage toil!) it just HURTS so much to think of what we could be getting even if the rates were sitting at their normal 2.30-2.40 rate.
If we buy in Oz now it's either a bigger mortgage (yuk) that's if we can get one being self employed or a yuk house - housing stock isn't good where we are at the moment!
Actually if I was about to come over I wouldn't be so worried because I think it's best to rent for at least a year and things might be better by then but I've been here nearly 3 now and want my own roof as now fed up with not being able to change anything, paint anything, have a decent oven etc etc - maybe it's a girlie thing with the nesting instinct!
Anyway - what we need is bad data from the US and Oz to make the UK look better. Reading a couple of reports on Bloomberg yesterday evening and a recovery for the pound isn't looking too good against other currencies either.
Problem is the data coming out of the UK is over the Summer period and we all know UK plc shuts down then. Retail sales were static in August but then most people are away and have bought their holiday clothes in the July sales - that's if they can afford to go to Europe now! Might have to wait until Sept/Oct figures are through for an improvement - if it is going to happen otherwise I think the general election will be our only hope!
I was reading an article over here which said it might be best to wait until the FTHBG is out of the way as it's over inflated prices under $500k for 2nd hand properties and the builders have used it to their advantage for new builds. So you never know with that and a new Govt it might all work out - please, pretty please.....
:finger scrossed:
KK
Whilst we have done well on our UK equity (built up over 26 years of mortgage toil!) it just HURTS so much to think of what we could be getting even if the rates were sitting at their normal 2.30-2.40 rate.
If we buy in Oz now it's either a bigger mortgage (yuk) that's if we can get one being self employed or a yuk house - housing stock isn't good where we are at the moment!
Actually if I was about to come over I wouldn't be so worried because I think it's best to rent for at least a year and things might be better by then but I've been here nearly 3 now and want my own roof as now fed up with not being able to change anything, paint anything, have a decent oven etc etc - maybe it's a girlie thing with the nesting instinct!
Anyway - what we need is bad data from the US and Oz to make the UK look better. Reading a couple of reports on Bloomberg yesterday evening and a recovery for the pound isn't looking too good against other currencies either.
Problem is the data coming out of the UK is over the Summer period and we all know UK plc shuts down then. Retail sales were static in August but then most people are away and have bought their holiday clothes in the July sales - that's if they can afford to go to Europe now! Might have to wait until Sept/Oct figures are through for an improvement - if it is going to happen otherwise I think the general election will be our only hope!
I was reading an article over here which said it might be best to wait until the FTHBG is out of the way as it's over inflated prices under $500k for 2nd hand properties and the builders have used it to their advantage for new builds. So you never know with that and a new Govt it might all work out - please, pretty please.....
:finger scrossed:KK
Sep 18th 2009, 11:58 pm
#213
BE Forum Addict
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
Re: 1.93's A$ to the Pound!!!
P.S. yes, all those people thinking about going back....buy pounds lots of them and then the markets will think the pound is really popular and it will become really scarce and improve....so you can do your bit to help us out who want to stay here..
thanks...
thanks...
Sep 19th 2009, 1:49 am
#214
BE Enthusiast
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: 1.93's A$ to the Pound!!!
Now that is not, this is the normal rate.
Recovery is definately possible, but i dont see a quick fix
Stu
Sep 19th 2009, 6:46 am
#215
Forum Regular
Joined: Feb 2006
Posts: 159
Re: 1.93's A$ to the Pound!!!
I feel exactly the same as you MrCro!
Whilst we have done well on our UK equity (built up over 26 years of mortgage toil!) it just HURTS so much to think of what we could be getting even if the rates were sitting at their normal 2.30-2.40 rate.
If we buy in Oz now it's either a bigger mortgage (yuk) that's if we can get one being self employed or a yuk house - housing stock isn't good where we are at the moment!
Actually if I was about to come over I wouldn't be so worried because I think it's best to rent for at least a year and things might be better by then but I've been here nearly 3 now and want my own roof as now fed up with not being able to change anything, paint anything, have a decent oven etc etc - maybe it's a girlie thing with the nesting instinct!
Anyway - what we need is bad data from the US and Oz to make the UK look better. Reading a couple of reports on Bloomberg yesterday evening and a recovery for the pound isn't looking too good against other currencies either.
Problem is the data coming out of the UK is over the Summer period and we all know UK plc shuts down then. Retail sales were static in August but then most people are away and have bought their holiday clothes in the July sales - that's if they can afford to go to Europe now! Might have to wait until Sept/Oct figures are through for an improvement - if it is going to happen otherwise I think the general election will be our only hope!
I was reading an article over here which said it might be best to wait until the FTHBG is out of the way as it's over inflated prices under $500k for 2nd hand properties and the builders have used it to their advantage for new builds. So you never know with that and a new Govt it might all work out - please, pretty please.....:finger scrossed:
KK
Whilst we have done well on our UK equity (built up over 26 years of mortgage toil!) it just HURTS so much to think of what we could be getting even if the rates were sitting at their normal 2.30-2.40 rate.
If we buy in Oz now it's either a bigger mortgage (yuk) that's if we can get one being self employed or a yuk house - housing stock isn't good where we are at the moment!
Actually if I was about to come over I wouldn't be so worried because I think it's best to rent for at least a year and things might be better by then but I've been here nearly 3 now and want my own roof as now fed up with not being able to change anything, paint anything, have a decent oven etc etc - maybe it's a girlie thing with the nesting instinct!
Anyway - what we need is bad data from the US and Oz to make the UK look better. Reading a couple of reports on Bloomberg yesterday evening and a recovery for the pound isn't looking too good against other currencies either.
Problem is the data coming out of the UK is over the Summer period and we all know UK plc shuts down then. Retail sales were static in August but then most people are away and have bought their holiday clothes in the July sales - that's if they can afford to go to Europe now! Might have to wait until Sept/Oct figures are through for an improvement - if it is going to happen otherwise I think the general election will be our only hope!
I was reading an article over here which said it might be best to wait until the FTHBG is out of the way as it's over inflated prices under $500k for 2nd hand properties and the builders have used it to their advantage for new builds. So you never know with that and a new Govt it might all work out - please, pretty please.....
:finger scrossed:KK
http://online.wsj.com/article/SB1253...googlenews_wsj
My feeling is the Bank of England ran too quickly with their interest rate cuts and will now take years to get back to normal operating levels. Like Japan, still lagging 6 years later.
Sep 20th 2009, 12:16 am
#216
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
Some insight into how dismal the UK currency is, and could be for quite some time.
http://online.wsj.com/article/SB1253...googlenews_wsj
My feeling is the Bank of England ran too quickly with their interest rate cuts and will now take years to get back to normal operating levels. Like Japan, still lagging 6 years later.
http://online.wsj.com/article/SB1253...googlenews_wsj
My feeling is the Bank of England ran too quickly with their interest rate cuts and will now take years to get back to normal operating levels. Like Japan, still lagging 6 years later.
There are so many anti £ people posting on various threads and I don't understand why expats take such pleasure in sterling beating!? I would be interested to know why though? Are these ping pongers who have failed in the aussie dream?
Sep 20th 2009, 12:19 am
#217
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Sep 20th 2009, 12:30 am
#218
Forum Regular
Joined: Feb 2006
Posts: 159
Re: 1.93's A$ to the Pound!!!
the Jap yen has been one of the strongest currencies this year!? Recession does not always equal weak currency!
There are so many anti £ people posting on various threads and I don't understand why expats take such pleasure in sterling beating!? I would be interested to know why though? Are these ping pongers who have failed in the aussie dream?
There are so many anti £ people posting on various threads and I don't understand why expats take such pleasure in sterling beating!? I would be interested to know why though? Are these ping pongers who have failed in the aussie dream?
As for failed Aussie dream and still in UK, neither of the two. Love my life here and I am actually enjoying the rate as I've been buying back £'s mmakinga happy profit. Happy to wait however long it takes to convert back again, for another nice capital gain.
Perhaps those still in UK are upset as they had planned on something bigger than what is being offered now, hhencethe 'we've lost money' feelings. Although really, they haven't lost, just missed an opportunity.
Sep 20th 2009, 1:30 am
#219
Account Closed
Joined: Jul 2005
Posts: 1,693
Re: 1.93's A$ to the Pound!!!
.[/QUOTE]
UK borrowing 56 million per day now, the pounds going to take a pummelling.
UK borrowing 56 million per day now, the pounds going to take a pummelling.
Sep 20th 2009, 2:03 am
#220
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
I caught the UK news the other day (BBC) on the same day that the Age printed about the RBA windfall.
Whereas the Aus government had overestimated the potential problem (and hence underestimated the tax revenues) the UK government had done the complete opposite.
It was interesting to see Cameron speaking on the news. Although he had plenty to get his teeth into he was obviously hindered by having no plan of his own.
Whereas the Aus government had overestimated the potential problem (and hence underestimated the tax revenues) the UK government had done the complete opposite.
It was interesting to see Cameron speaking on the news. Although he had plenty to get his teeth into he was obviously hindered by having no plan of his own.
Sep 20th 2009, 6:55 am
#221
Banned
Joined: Aug 2008
Posts: 22,348
Re: 1.93's A$ to the Pound!!!
I caught the UK news the other day (BBC) on the same day that the Age printed about the RBA windfall.
Whereas the Aus government had overestimated the potential problem (and hence underestimated the tax revenues) the UK government had done the complete opposite.
It was interesting to see Cameron speaking on the news. Although he had plenty to get his teeth into he was obviously hindered by having no plan of his own.
Whereas the Aus government had overestimated the potential problem (and hence underestimated the tax revenues) the UK government had done the complete opposite.
It was interesting to see Cameron speaking on the news. Although he had plenty to get his teeth into he was obviously hindered by having no plan of his own.
Sep 20th 2009, 7:12 am
#222
BE Enthusiast
Joined: Jan 2008
Location: Bromsgrove/Melbourne
Posts: 606
Re: 1.93's A$ to the Pound!!!
Its going to start going up monday!
It will be heading back for $2/£1 within 4 weeks
It will be heading back for $2/£1 within 4 weeks
Sep 20th 2009, 12:44 pm
#224
Forum Regular
Joined: May 2004
Location: Adelaide, South Australia
Posts: 253
Re: 1.93's A$ to the Pound!!!
1.87 today, getting even better........
I just hope it can stay good while we sell our house here. I should have the deposit soon to lock in this brilliant rate.
I just hope it can stay good while we sell our house here. I should have the deposit soon to lock in this brilliant rate.
