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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Jan 19th 2010, 11:43 am
  #1096  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by DownUnderPaddy
Done !
6 month moving average over the last 10 years.
Pretty much a slippery dip since 2003 I reckon......
yip so a peak is long overdue! Never has there been such and oversold £
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Old Jan 19th 2010, 8:14 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
yip so a peak is long overdue! Never has there been such and oversold £
a peak is long overdue, or a further extension of the slippery dip lies ahead.
Tis like playing the stock market. Who knows ?
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Old Jan 19th 2010, 10:49 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by DownUnderPaddy
a peak is long overdue, or a further extension of the slippery dip lies ahead.
Tis like playing the stock market. Who knows ?
£ picked up over a cent overnight, not sure why as not watching market so close anymore - had enough of the nonsense!

I've got 6 months to go so hopefully an opportunity will reveal itself!
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Old Jan 19th 2010, 10:56 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
£ picked up over a cent overnight, not sure why as not watching market so close anymore - had enough of the nonsense!

I've got 6 months to go so hopefully an opportunity will reveal itself!
£ picked up because the Dec inflation figures suprised to the upside, biggest jump on record leading to expectations of interest rate rises and an early end to Q.E. - not so much good news for the general economy than a positive for the pound.

http://www.independent.co.uk/news/bu...s-1873111.html
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Old Jan 20th 2010, 3:33 am
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Default Re: 1.93's A$ to the Pound!!!

And then the unemployment figures actually fell - that should also provide a boost to the pound
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Old Jan 20th 2010, 7:48 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by TakenThePlunge
And then the unemployment figures actually fell - that should also provide a boost to the pound
it sure did another cent now over 1.79 was 1.77 yesterday

wish I'd taken a punt on a forex position at 1.73 as that seems a firm bottom at the mo. If my money was in A$ and looking to buy cheap pounds I think 1.73 looking best buy. But that may be it now with any luck it won't get there again and will continue upwards!

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Old Jan 27th 2010, 8:51 am
  #1102  
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Default Re: 1.93's A$ to the Pound!!!

£ all over shop now up 2.5 cents one day down the next then up again????

Into the 1.80's again today - soon be hitting that 1.93????
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Old Jan 27th 2010, 9:08 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
£ all over shop now up 2.5 cents one day down the next then up again????

Into the 1.80's again today - soon be hitting that 1.93????
Kapla
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Old Feb 10th 2010, 11:56 am
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Default Re: 1.93's A$ to the Pound!!!

£ nose diving against A$ again tonight because Aussie unemployment improving way more than expected! added over 50k jobs when 15k expected!

So bad news on sending your pounds but............

Good news you can get a job and earn $'s until rate is better and then bring your £'s to OZ! and send any spare $'s to £'s in the mean time!

That's my plan anyway!!!
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Old Feb 10th 2010, 7:29 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
£ nose diving against A$ again tonight because Aussie unemployment improving way more than expected! added over 50k jobs when 15k expected!

So bad news on sending your pounds but............

Good news you can get a job and earn $'s until rate is better and then bring your £'s to OZ! and send any spare $'s to £'s in the mean time!

That's my plan anyway!!!
My plan too, but doesn't this mean you'll pay Australian income tax on the gain from the improved exchange rate (if there is any)
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Old Feb 10th 2010, 7:30 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
£ nose diving against A$ again tonight because Aussie unemployment improving way more than expected! added over 50k jobs when 15k expected!

So bad news on sending your pounds but............

Good news you can get a job and earn $'s until rate is better and then bring your £'s to OZ! and send any spare $'s to £'s in the mean time!

That's my plan anyway!!!
Add into that mix the news that the UK had indicated it wants to continue quantitative easing.

http://www.telegraph.co.uk/finance/e...-not-over.html
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Old Feb 10th 2010, 10:04 pm
  #1107  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Centurion
Add into that mix the news that the UK had indicated it wants to continue quantitative easing.

http://www.telegraph.co.uk/finance/e...-not-over.html
My worry is the weakness of the pound, rather than the strength of the dollar
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Old Feb 10th 2010, 10:11 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
My worry is the weakness of the pound, rather than the strength of the dollar
Me too! Not looking good for the short term.
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Old Feb 10th 2010, 10:20 pm
  #1109  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Alfresco
Me too! Not looking good for the short term.
I'm wondering if its realistic to try hedgeing against negative currency movements, the worry is actually that GBP/AUD could go quite a bit lower from here. Do any of the money changers offer a hedgeing service?
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Old Feb 10th 2010, 10:31 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
I'm wondering if its realistic to try hedgeing against negative currency movements, the worry is actually that GBP/AUD could go quite a bit lower from here. Do any of the money changers offer a hedgeing service?
I have no idea.

I've never needed to move loads of ca$h around before, mainly cause I didn't have any.
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