1.93's A$ to the Pound!!!
Jan 4th 2011, 11:08 am
#2521
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Jan 4th 2011, 7:05 pm
#2523
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
"...a much better than expected manufacturing PMI has been seen as a major force behind some of the latest buying.
Also seen helping to bolster the UK currency has been some positive flows on the back of leveraged, semi-official and model accounts, along with some positive M&A related flows.
Finally, and FT survey has concluded that UK austerity measures are unlikely to send the local economy into a double dip recession."
Source : http://www.dailyfx.com/forex/technic...FX_Market.html
Also seen helping to bolster the UK currency has been some positive flows on the back of leveraged, semi-official and model accounts, along with some positive M&A related flows.
Finally, and FT survey has concluded that UK austerity measures are unlikely to send the local economy into a double dip recession."
Source : http://www.dailyfx.com/forex/technic...FX_Market.html
Jan 4th 2011, 8:41 pm
#2524
BE Forum Addict
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
Re: 1.93's A$ to the Pound!!!
I wonder what will happen to the $ in light of the QLD flood disaster? Sounds like it will affect the economy (mines, food exports), so in turn the $?
I'm now very grateful we got $1.80.....who could have thought we'd be saying that all those months ago!
I'm now very grateful we got $1.80.....who could have thought we'd be saying that all those months ago!
Jan 4th 2011, 9:07 pm
#2526
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,010
Re: 1.93's A$ to the Pound!!!
At the SCG yesterday 375ml of Australia's finest brew cost $6.20 and at a FX rate of 1.55. That's £4.03. Last week at Twickenham the UK's finest cost £4.60 for 500ml. At current rates 500ml of beer at the SCG costs £5.37 as opposed to £4.60 at Twickenham. Always liked to compare the cost of living in beer money. 
Jan 4th 2011, 9:24 pm
#2527
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
At the SCG yesterday 375ml of Australia's finest brew cost $6.20 and at a FX rate of 1.55. That's £4.03. Last week at Twickenham the UK's finest cost £4.60 for 500ml. At current rates 500ml of beer at the SCG costs £5.37 as opposed to £4.60 at Twickenham. Always liked to compare the cost of living in beer money.
Jan 5th 2011, 5:36 am
#2529
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
Not watched this yet but...
The very low point in the pound has now passed
and also...
Dollar's rise, rate hikes take toll on manufacturing sector
"Greece is the only country in either the industrialised or the emerging world where manufacturing is performing worse"
Seem to remember mentioning a couple of months ago that the strong dollar would do more harm than good to the Aus economy.
The very low point in the pound has now passed
and also...
Dollar's rise, rate hikes take toll on manufacturing sector
"Greece is the only country in either the industrialised or the emerging world where manufacturing is performing worse"
Seem to remember mentioning a couple of months ago that the strong dollar would do more harm than good to the Aus economy.
Last edited by freebo; Jan 5th 2011 at 5:44 am.
Jan 5th 2011, 8:13 am
#2530
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
it's about bloody time!!! 
Jan 5th 2011, 8:48 am
#2531
Éireann go Brách
Joined: Mar 2006
Location: White Man in Hammersmith Palais
Posts: 2,932
Jan 5th 2011, 11:59 am
#2532
Forum Regular
Joined: Jan 2008
Location: London - Engadine NSW - Hampshire
Posts: 34
Jan 10th 2011, 11:59 am
#2534
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
You would expect this press release to now push the rate back towards 1.60 and beyond again possibly ?
Credit Suisse tips sharp GDP fall in 2011
http://www.theage.com.au/business/cr...110-19kw4.html
Credit Suisse tips sharp GDP fall in 2011
http://www.theage.com.au/business/cr...110-19kw4.html
Jan 10th 2011, 5:29 pm
#2535
Forum Regular
Joined: Feb 2009
Posts: 121
Re: 1.93's A$ to the Pound!!!
You would expect this press release to now push the rate back towards 1.60 and beyond again possibly ?
Credit Suisse tips sharp GDP fall in 2011
http://www.theage.com.au/business/cr...110-19kw4.html
Credit Suisse tips sharp GDP fall in 2011
http://www.theage.com.au/business/cr...110-19kw4.html
