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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Oct 2nd 2010, 8:12 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MartinLuther
With the secret code name Quantitative Easing
Sounds like a James Bond movie.


Originally Posted by paulry
Yeah

And then they wheeled in a Mr Bean to tell us that we should all be eating into our savings
Mr. Chancellor?
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Old Oct 2nd 2010, 9:38 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Alfresco
Sounds like a James Bond movie.




Mr. Chancellor?
More like a Rowen Atkinson farce
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Old Oct 2nd 2010, 10:17 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Alfresco
Sounds like a James Bond movie.




Mr. Chancellor?
The deputy governor of the BoE no less

http://www.telegraph.co.uk/comment/l...recession.html

Originally Posted by pemajoka
More like a Rowen Atkinson farce
That about sums it up
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Old Oct 2nd 2010, 11:38 am
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Default Re: 1.93's A$ to the Pound!!!

The only real reason for spending your savings is to get some benefit out of it before the government reduces its value with yet more quantitative easing.
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Old Oct 2nd 2010, 11:39 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MartinLuther
The only real reason for spending your savings is to get some benefit out of it before the government reduces its value with yet more quantitative easing.
Sadly there is wisdom in those words..
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Old Oct 2nd 2010, 12:56 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by paulry
The deputy governor of the BoE no less

http://www.telegraph.co.uk/comment/l...recession.html

...



Originally Posted by MartinLuther
The only real reason for spending your savings is to get some benefit out of it before the government reduces its value with yet more quantitative easing.
Originally Posted by Centurion
Sadly there is wisdom in those words..

Indeed!

It's really hard to believe that one of the strongest currencies in the World over many years has come to this.

But then it's not surprising, since governments the world over don't want the average person to get rich or prosper. They'll tax you to hilt so you are controllable, and then anything saved is eroded by inflation, other taxes etc...

Last edited by Alfresco; Oct 2nd 2010 at 1:00 pm.
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Old Oct 2nd 2010, 4:08 pm
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Default Re: 1.93's A$ to the Pound!!!

Should there now be a new thread entitled 1.63 to the pound ?
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Old Oct 2nd 2010, 5:17 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by lancastrian48
Should there now be a new thread entitled 1.63 to the pound ?
Oh don't
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Old Oct 2nd 2010, 10:11 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by lancastrian48
Should there now be a new thread entitled 1.63 to the pound ?
Originally Posted by paulry
Oh don't

Could just ask a Mod to change this one. It's been oudated or ages now.
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Old Oct 2nd 2010, 10:16 pm
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Default Re: 1.93's A$ to the Pound!!!

I am crying into my coffee as I've been trying to bring my teacher's pension over for a year, and have been delayed time and time again by incompetant beurocrats, and now there is an embargo on taking it out of the country. Meanwhile it is getting to be worth only threequarters of what it was a year ago and seems to be going into freefall.
Barstewards!
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Old Oct 2nd 2010, 11:31 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Alfresco
Could just ask a Mod to change this one. It's been oudated or ages now.
I won't ask. Call me sentimental if you like
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Old Oct 2nd 2010, 11:46 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by carolinephillips
I am crying into my coffee as I've been trying to bring my teacher's pension over for a year, and have been delayed time and time again by incompetant beurocrats, and now there is an embargo on taking it out of the country. Meanwhile it is getting to be worth only threequarters of what it was a year ago and seems to be going into freefall.
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Sorry to hear that Caroline . Do you mean an embargo on transferring the entire pension or just the monthly income? My OH is about to start receiving her civil service pension. We're going to just chuck it at our UK mortgage for now but are looking at the feasibility of transferring the whole thing over to Australia - once we know that we're there to stay.
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Old Oct 3rd 2010, 3:56 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by carolinephillips
I am crying into my coffee as I've been trying to bring my teacher's pension over for a year, and have been delayed time and time again by incompetant beurocrats, and now there is an embargo on taking it out of the country. Meanwhile it is getting to be worth only threequarters of what it was a year ago and seems to be going into freefall.
Barstewards!
Hi Caroline
How's it going?(apart from the pension of course)sorry to hear.
We have had a lot of beurocracy here with regard to jobs and training, only being on a provisional visa, but only 5 months till we apply for permanent. I think if we knew then what we know now we might not have done it...hindsight is a wonderful thing! All that said we are trying hard to look forward and not back.
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Old Oct 5th 2010, 5:19 am
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Default Re: 1.93's A$ to the Pound!!!

A sudden spike up to 1.65
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Old Oct 5th 2010, 7:08 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by paulry
A sudden spike up to 1.65
Caused by the RBA's decision not to hike rates, no-one knows but maybe 1.62 was the bottom

Still - 1.65ish makes for a cheap trip to the UK for us this Christmas!
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