Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Sep 18th 2009, 6:36 pm
  #211  
BE Enthusiast
Thread Starter
 
Joined: Jun 2008
Posts: 730
MrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of light
Default 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!
MrCro is offline  
Old Sep 19th 2009, 12:55 am
  #212  
BE Forum Addict
 
koalakim's Avatar
 
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
koalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond repute
Default 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
koalakim is offline  
Old Sep 19th 2009, 12:58 am
  #213  
BE Forum Addict
 
koalakim's Avatar
 
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
koalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond reputekoalakim has a reputation beyond repute
Default 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...
koalakim is offline  
Old Sep 19th 2009, 2:49 am
  #214  
BE Enthusiast
 
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Stu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of lightStu Ward is a glorious beacon of light
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by koalakim

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.



KK
The normal rate you quote was only normal when the UK was a stronger country economically.
Now that is not, this is the normal rate.

Recovery is definately possible, but i dont see a quick fix

Stu
Stu Ward is offline  
Old Sep 19th 2009, 7:46 am
  #215  
Forum Regular
 
Joined: Feb 2006
Posts: 159
Max&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to all
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by koalakim
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
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.
Max&Ozzy is offline  
Old Sep 20th 2009, 1:16 am
  #216  
BE Enthusiast
Thread Starter
 
Joined: Jun 2008
Posts: 730
MrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of lightMrCro is a glorious beacon of light
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Max&Ozzy
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.
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?
MrCro is offline  
Old Sep 20th 2009, 1:19 am
  #217  
Frequent Flyer Member
 
bcworld's Avatar
 
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
bcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond reputebcworld has a reputation beyond repute
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
Are these ping pongers who have failed in the aussie dream?
Maybe the Aussie dream failed them!?

Many of the sterling beater uppers are still in the UK from what I can see.
bcworld is offline  
Old Sep 20th 2009, 1:30 am
  #218  
Forum Regular
 
Joined: Feb 2006
Posts: 159
Max&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to allMax&Ozzy is a name known to all
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
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?
Not sure you could say I was a sterling beater. Simply quoting an article about how the times are very different these days for it.

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.
Max&Ozzy is offline  
Old Sep 20th 2009, 2:30 am
  #219  
Account Closed
 
Joined: Jul 2005
Posts: 1,693
mindblower is an unknown quantity at this point
Default Re: 1.93's A$ to the Pound!!!

.[/QUOTE]

UK borrowing 56 million per day now, the pounds going to take a pummelling.
mindblower is offline  
Old Sep 20th 2009, 3:03 am
  #220  
Account Closed
 
Joined: Jun 2005
Posts: 9,316
MartinLuther is an unknown quantity at this point
Default 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.
MartinLuther is offline  
Old Sep 20th 2009, 7:55 am
  #221  
Banned
 
Joined: Aug 2008
Posts: 22,348
paulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond reputepaulry has a reputation beyond repute
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MartinLuther
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.
And these next elections are going to line up a bunch of losers for us to choose between.
paulry is offline  
Old Sep 20th 2009, 8:12 am
  #222  
BE Enthusiast
 
JCSUPERMOTO's Avatar
 
Joined: Jan 2008
Location: Bromsgrove/Melbourne
Posts: 606
JCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud ofJCSUPERMOTO has much to be proud of
Default 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

JCSUPERMOTO is offline  
Old Sep 20th 2009, 8:28 am
  #223  
ABCDiamond
Guest
 
Posts: n/a
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by JCSUPERMOTO
Its going to start going up monday!
It will be heading back for $2/£1 within 4 weeks

Confidence... that's what's needed
 
Old Sep 20th 2009, 1:44 pm
  #224  
rab
Forum Regular
 
rab's Avatar
 
Joined: May 2004
Location: Adelaide, South Australia
Posts: 253
rab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond reputerab has a reputation beyond repute
Default 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.
rab is offline  
Old Sep 20th 2009, 9:53 pm
  #225  
Lost in BE Cyberspace
 
Joined: Apr 2004
Posts: 10,375
jad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond repute
Default Re: 1.93's A$ to the Pound!!!

Originally Posted by JCSUPERMOTO
Its going to start going up monday!
It will be heading back for $2/£1 within 4 weeks


Actually aussie buck just went up some more, if the morning news is correct
jad n rich is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.