1.93's A$ to the Pound!!!
Sep 28th 2009, 1:42 pm
#331
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Re: 1.93's A$ to the Pound!!!
I think you are right and I do think we'll probably see some more of the recession emerging - I don't think we are out of the woods yet. Looking back recessions took years to get over and yet it's only a year since the big crisis and already people are jumping up and down about being out of recession!
The Aussie dollar can't remain too strong for too long as at some point other countries will stop buying exports. Already tourism is down and film makers and bands aren't coming to Oz because it's too expensive.
As for house prices - I guess they will continue to rise all the while people will stretch themselves to afford it. The problem with Oz now is not our British money coming in but Chinese. Reports in The Age recently have the cashed up Chinese buying up property but not even to live in but just as investments! Although I thought if you didn't have a visa you could only buy new off plan - or have they changed it? There are still 700 people a week arriving in Melbourne who all need somewhere to live and if they are bringing in something other than British pounds then us Brits will find it harder and harder with our worthless currency!
Don't forget even though we are overseas you can still vote in the general election: http://www.direct.gov.uk/en/Governme...ions/DG_073241 if you've been away under 15 years.
We are just mere pawns in the whole scenario!
The Aussie dollar can't remain too strong for too long as at some point other countries will stop buying exports. Already tourism is down and film makers and bands aren't coming to Oz because it's too expensive.
As for house prices - I guess they will continue to rise all the while people will stretch themselves to afford it. The problem with Oz now is not our British money coming in but Chinese. Reports in The Age recently have the cashed up Chinese buying up property but not even to live in but just as investments! Although I thought if you didn't have a visa you could only buy new off plan - or have they changed it? There are still 700 people a week arriving in Melbourne who all need somewhere to live and if they are bringing in something other than British pounds then us Brits will find it harder and harder with our worthless currency!
Don't forget even though we are overseas you can still vote in the general election: http://www.direct.gov.uk/en/Governme...ions/DG_073241 if you've been away under 15 years.
We are just mere pawns in the whole scenario!
Although I love this city, I cannot work out why it should be quite so popular with people from overseas at present. The Indians are coming en'masse as well.
Seems a bit odd. Almost over the top. I'm getting heresay reports on how they are getting PR....something to do with being in the workforce for 20 months ?
It really seems to me like the Chinese have been pushing the local market for about 3 years now. There was a lull at the start of this year, when prices dropped back about 5 pct from the high, and then it started forging ahead again as if people started to jump onboard the bandwagon which the Chinese were still on.
Last edited by ozzieeagle; Sep 28th 2009 at 1:48 pm.
Sep 28th 2009, 1:59 pm
#333
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Re: 1.93's A$ to the Pound!!!
I don't suppose anybody is from Mervyn King's hometown out there?
If they could only get someone to talk him into retiring in Australia then he could drop a few of his 'special' comments to get the exchange rate going the other way!
We'd all be buying $4 to the pound if it was in that idiots interest!
If they could only get someone to talk him into retiring in Australia then he could drop a few of his 'special' comments to get the exchange rate going the other way!
We'd all be buying $4 to the pound if it was in that idiots interest!
Last edited by MrCro; Sep 28th 2009 at 2:14 pm.
Sep 28th 2009, 3:38 pm
#334
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Re: 1.93's A$ to the Pound!!!
Sep 28th 2009, 3:47 pm
#335
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Re: 1.93's A$ to the Pound!!!
I just made a rope of £50 notes, slung it around the branch and went for it!
But the bloody rope snapped because the £'s were so weak!!!
Seen it go into 1.82's today, NASA must be buying AUD now because it seems to be gravity defying!!!!!
We need a plan people - what's the best rumour we can start to strengthen this crap in my wallet?
But the bloody rope snapped because the £'s were so weak!!!
Seen it go into 1.82's today, NASA must be buying AUD now because it seems to be gravity defying!!!!!
We need a plan people - what's the best rumour we can start to strengthen this crap in my wallet?
Sep 28th 2009, 3:56 pm
#336
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Joined: Apr 2008
Posts: 592
Re: 1.93's A$ to the Pound!!!
I just made a rope of £50 notes, slung it around the branch and went for it!
But the bloody rope snapped because the £'s were so weak!!!
Seen it go into 1.82's today, NASA must be buying AUD now because it seems to be gravity defying!!!!!
We need a plan people - what's the best rumour we can start to strengthen this crap in my wallet?
But the bloody rope snapped because the £'s were so weak!!!
Seen it go into 1.82's today, NASA must be buying AUD now because it seems to be gravity defying!!!!!
We need a plan people - what's the best rumour we can start to strengthen this crap in my wallet?
Your a lad ain't yeh, sitting here p!ssing myself!
Keith
Sep 28th 2009, 4:10 pm
#337
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Re: 1.93's A$ to the Pound!!!
just trying to keep you off the kleenex mate!
u gotta larf aint ya!
I still wish we were going like you are in a few days but gotta sell the house yet.
Screw the exchange rates, something big brewing in the stockmarkets which will upset the applecart in October, we'll buy them meat pies yet!!!!
u gotta larf aint ya!
I still wish we were going like you are in a few days but gotta sell the house yet.
Screw the exchange rates, something big brewing in the stockmarkets which will upset the applecart in October, we'll buy them meat pies yet!!!!
Sep 28th 2009, 4:20 pm
#338
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Re: 1.93's A$ to the Pound!!!
Hmmm funny how things pan out ...
I was watching the value of my ISA's go up again after taking a total pounding in the crash. Now I am heading to Oz thats nothing compared to the loss on the currency crash .... now I am thinking lets have another wobble !????
I was watching the value of my ISA's go up again after taking a total pounding in the crash. Now I am heading to Oz thats nothing compared to the loss on the currency crash .... now I am thinking lets have another wobble !????
Sep 28th 2009, 5:05 pm
#339
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Re: 1.93's A$ to the Pound!!!
just trying to keep you off the kleenex mate!
u gotta larf aint ya!
I still wish we were going like you are in a few days but gotta sell the house yet.
Screw the exchange rates, something big brewing in the stockmarkets which will upset the applecart in October, we'll buy them meat pies yet!!!!
u gotta larf aint ya!
I still wish we were going like you are in a few days but gotta sell the house yet.
Screw the exchange rates, something big brewing in the stockmarkets which will upset the applecart in October, we'll buy them meat pies yet!!!!
But you have brightened my day up! Good luck to yeh mate! Mr Cro
Keith
Sep 28th 2009, 5:07 pm
#340
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Re: 1.93's A$ to the Pound!!!
--------------------------------------------------------------------------
Good old Brown to sort out deficit-um yes we believe you Gordon!
Britain to enshrine deficit control in law - Brown
Sun Sep 27, 2009 10:57pm BST Email | Print | Share| Single Page[-] Text [+]
1 of 4Full SizeBy Matt Falloon and Keith Weir
BRIGHTON, England (Reuters) - British Prime Minister Gordon Brown signalled on Sunday he would make a commitment in law to cut the budget deficit, in a bid to assure both markets and voters of his fiscal probity months before an election.
Brown, whose ruling Labour party appears bound next year for its first electoral defeat since 1992, is hoping to kick-start a comeback and rouse his browbeaten party with a series of policy announcements at Labour's annual conference this week.
The financial crisis had forced the government to abandon Brown's decade-old fiscal "golden rule" limiting debt -- a move that triggered widespread concern in markets about the credibility of any plans to cut ballooning government borrowing.
"People will see that we will invest for the future within sustainable public finances," Brown told the Sunday Telegraph newspaper in an interview coinciding with the opening of Labour's conference in the southern English city of Brighton.
The new fiscal laws are expected to be outlined in the pre-budget report expected in November.
They are likely to set annual targets for reducing Britain's record budget deficit, which is expected to hit more than 12 percent of GDP this year.
Labour has already set out plans to halve the deficit in four years.
Concern about the deficit -- caused by recession and economic support efforts -- has put downward pressure on the pound and even put Britain's top-grade credit rating at risk. Continued...
View article on single pagePrevious Page 1 | 2 | 3 Next Page
Good old Brown to sort out deficit-um yes we believe you Gordon!
Britain to enshrine deficit control in law - Brown
Sun Sep 27, 2009 10:57pm BST Email | Print | Share| Single Page[-] Text [+]
1 of 4Full SizeBy Matt Falloon and Keith Weir
BRIGHTON, England (Reuters) - British Prime Minister Gordon Brown signalled on Sunday he would make a commitment in law to cut the budget deficit, in a bid to assure both markets and voters of his fiscal probity months before an election.
Brown, whose ruling Labour party appears bound next year for its first electoral defeat since 1992, is hoping to kick-start a comeback and rouse his browbeaten party with a series of policy announcements at Labour's annual conference this week.
The financial crisis had forced the government to abandon Brown's decade-old fiscal "golden rule" limiting debt -- a move that triggered widespread concern in markets about the credibility of any plans to cut ballooning government borrowing.
"People will see that we will invest for the future within sustainable public finances," Brown told the Sunday Telegraph newspaper in an interview coinciding with the opening of Labour's conference in the southern English city of Brighton.
The new fiscal laws are expected to be outlined in the pre-budget report expected in November.
They are likely to set annual targets for reducing Britain's record budget deficit, which is expected to hit more than 12 percent of GDP this year.
Labour has already set out plans to halve the deficit in four years.
Concern about the deficit -- caused by recession and economic support efforts -- has put downward pressure on the pound and even put Britain's top-grade credit rating at risk. Continued...
View article on single pagePrevious Page 1 | 2 | 3 Next Page
Last edited by Damson; Sep 28th 2009 at 5:09 pm.
Sep 28th 2009, 5:48 pm
#341
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Re: 1.93's A$ to the Pound!!!
well Brown not helping the £ aussie, not checked much this afternoon as trying to have a larf and keep my mind off it!
But just looked and it's in the 1.81's UN-BERRRRRRRRRRRRR-LIEVABLE!
has Moaning King been announcing b*****ks again this aft???
But just looked and it's in the 1.81's UN-BERRRRRRRRRRRRR-LIEVABLE!
has Moaning King been announcing b*****ks again this aft???
Sep 28th 2009, 8:40 pm
#342
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Re: 1.93's A$ to the Pound!!!
If it goes down tomorrow,im gonna just change a few dollars over to get us by for a few months,and leave the rest in uk bank to see if it picks up!
Either way,nowts gonna change,apart from having a few thousand less i suppose!
So long as ya got ya health
Either way,nowts gonna change,apart from having a few thousand less i suppose!
So long as ya got ya health
Sep 28th 2009, 8:49 pm
#343
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Joined: Aug 2009
Posts: 233
Re: 1.93's A$ to the Pound!!!
Sep 28th 2009, 9:15 pm
#345
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Re: 1.93's A$ to the Pound!!!
pahhh
