jad n rich

Dear Mystic Meg....

eugene43

its a wonder this thread has not been sent to the barbie

mindblower

)[/QUOTE]

The trend is your friend on the chart (or not)

dave7370

Have just done a trade at 1.8815 bringing money back, having sent it at 2.46 when we moved.

Can't grumble.

Nu-Shooz

I see your quoting is still all over the place lol.

MrCro

brilliant, don't forget to advise the tax man of your capital gain!!!!

hopefully you can hold it in £'s for a while then send back at 2.46 again !

Half your luck mate, wish I had AUD to sell at the mo I would be backing up the car full of money to exchange as all these 1.40 to 1.60 predictions are as pie in the sky as those wanting to buy $'s predicting 2.20 to 2.40!

American/Chinese stockmarkets are main driver in all this you watch!! When yank market pulled back yesterday the Aussie doller slipped against the US$ and then £ gets stronger.

The stockmarkets have run ahead of the recovery and all the 'experts' say it needs to correct, it just takes one little negative event and the markets will slip back hard. Sept and Oct are famous bad months but if going to happen looks like October now so watch the markets for clues!

There have been a few false slips in the markets which could be a build up to a big crash but then again the markets could storm through and keep going up - nobody really knows - hindsight is a wonderful thing in all this!


There seems to be 2 camps on this thread those like me wanting stronger pound to buy $'s and those happy to see £ as weak as possible as wanting to buy £ with their $'s.

What I would say again is that if you are buying £'s don't fool yourself waiting for 1.40 to 1.60 as I have been there last year (waiting to buy $'s) when rate was 2.20 to 2.40 but I waited for 2.60-2.70 again, It never happened and now I'm looking at 1.86!!!! It sounds so daft that now even 2.09 a month or two ago sounds a bloody good rate!!!

Pommie Granite

As the saying goes, 'the trend is your friend until it does end'.

There is a lot of money to be made by just going with the flow.

greghal

I think what happened last october when Lehman went bust, the carry trade unwound and pount hit 2.70 (onl for a matter of hours) is one of the wosrt tngs for most migrants. This was a freak occurance and may well never happen to the same degree again. I think lots of people were turning down 2.50, then 2.40 then 2.30 then 2.20 targetting hugely unrealistic levels and have been caught short now

king kong

i am returning to the uk and obviously am biased and wish for a weak pound , but nevertheless the australian economy is in a far better state than the uk economy and here in west australia the feeling is very good , but my take on it is that for the currencies speculators in the cities around the world on their fat arses they will certainly will be looking at high risk currencies such as the aussie dollar and nz dollar for a high return ,with interest rates in the uk at an all time low its highly unlikely an interest rate rise is on the cards for the uk ,especially with the government quantitive easing .
Australia seems to be in a far better position to lead the world out of recession and thus as mentioned in news will raise interest rates to cap another boom coming too quick , this exceptionally inviting to currency speculators .
My opinion is as i have mentioned elsewhere is the australian dollar will remaim strong against the pound . If you got a wodge of dollars buy the quid as your on to a money earner in my opinion come next spring .

chasmw

Full article at:
http://www.ft.com/cms/s/0/5480db02-a...44feabdc0.html

king kong

interesting article , i dont think think the british economy has the strength at the moment to take an interest rate rise though . I dont think its good news for wannebee migrants but for returnees its excellent news .
I think the economies of the world are going to be led by the east ie china ,india .These are the countries that will lead the recoverey and australia being a huge iron ore pit is well placed to lead westernised nations out of the recession and is indeed doing it with the gorgon shelf off west australia .

DownUnderPaddy

Now 1.85

Dollar edges higher
September 24, 2009 06:01pm
http://www.news.com.au/business/stor...-31037,00.html

hereandthere

UK interest rates will probably be well north of 4% in 12/18 months' time - so factor that in. Where Aussie ones will be, I don't know.

king kong

That well maybe the case but if you are talkin about bank rates as opposed to the mortgage rate ,then i think that is a 3+ percent rise ,i dont think any economy in the world will handle that .
1to 1and half percent maybe but with australian official cash rates already 3 percent above british rates now the australian dollar is in a far better position from a strength point of view ,and on the plus side for australia too is the banks actually have a clue what they are doing here ,british banks are in a slight mess .

DownUnderPaddy

..echoed in the article from todays paper.

Australian banks resilient, well-placed: RBA
September 24, 2009 - 4:01PM
http://www.theage.com.au/business/au...0924-g3lq.html