1.93's A$ to the Pound!!!
Mar 1st 2010, 10:42 am
#1351
Forum Regular
Joined: Jul 2009
Location: Surfers Paradise, Gold Coast
Posts: 109
WOW The pound is in MELTDOWN
$1.65 to the pound now from $1.70 at last close.....
That's $10,000 bucks less fro someone planning on selling a £200,000 house in england to move to Aus.
What the hell is going on???
That's $10,000 bucks less fro someone planning on selling a £200,000 house in england to move to Aus.
What the hell is going on???
Mar 1st 2010, 10:56 am
#1353
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
Currently 1.6705, down a further 1.75% today, nearly 6% in a month and nearly 25% in a year and today down a similar amount against the USD, EUR, JPY etc not looking good at all.
Last edited by freebo; Mar 1st 2010 at 11:02 am.
Mar 1st 2010, 11:00 am
#1354
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: 1.93's A$ to the Pound!!!
Threads merged.
Mar 1st 2010, 11:14 am
#1355
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: 1.93's A$ to the Pound!!!
http://www.theage.com.au/national/me...0122-mqrm.html
http://news.bbc.co.uk/2/shared/spl/h...l/county37.stm
Mar 1st 2010, 11:18 am
#1356
BE Enthusiast
Joined: May 2008
Location: Perth
Posts: 838
Re: 1.93's A$ to the Pound!!!
CBA quoting 1.659 
Mar 1st 2010, 11:20 am
#1357
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
That just definitely put the Melbourne Median House price in front of the London one.
http://www.theage.com.au/national/me...0122-mqrm.html
http://news.bbc.co.uk/2/shared/spl/h...l/county37.stm
http://www.theage.com.au/national/me...0122-mqrm.html
http://news.bbc.co.uk/2/shared/spl/h...l/county37.stm
Mar 1st 2010, 2:14 pm
#1358
BE Enthusiast
Joined: Jul 2004
Location: Perth, WA
Posts: 743
Re: 1.93's A$ to the Pound!!!
Thank you Tony Bliar, Gordon Brown , NuLabour and all of those people who voted for NuLabour :curse::curse:
Mar 1st 2010, 4:28 pm
#1360
BE Enthusiast
Joined: Aug 2002
Location: An expat Aussie trying to understand why anyone wants to move to Oz.
Posts: 485
Mar 1st 2010, 4:36 pm
#1361
BE Forum Addict
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Re: 1.93's A$ to the Pound!!!
Guess we'll never know, but I'm pretty confident that the tories winning this election would be better for the £ than Labour (they plan to reduce the deficit which would be short term pain for what they hope to be long term gain).
Mar 1st 2010, 6:31 pm
#1362
BE Enthusiast
Joined: Apr 2009
Location: scotland
Posts: 509
Re: 1.93's A$ to the Pound!!!
It's now $1.6657 to £1. WTF is going on. The rest of the news is talking about how the GDP is doing better and how the UK economy has actually started growing. I just don't understand why it's getting worse.
Mar 1st 2010, 6:53 pm
#1363
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: 1.93's A$ to the Pound!!!
weaker GBP is good news to UK exporters as it makes their products cheaper and more competitive in international trade. in some other countries their governments deliberately devalue their currencies to achieve same effect.
Mar 1st 2010, 7:20 pm
#1364
BE Enthusiast
Joined: Apr 2009
Location: scotland
Posts: 509
Re: 1.93's A$ to the Pound!!!
I've found some answers to my questions in this article.
UK pound drops on hung parliament fears
The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the forthcoming election.
http://news.bbc.co.uk/1/hi/business/8543007.stm
UK pound drops on hung parliament fears
The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the forthcoming election.
http://news.bbc.co.uk/1/hi/business/8543007.stm
Mar 1st 2010, 7:22 pm
#1365
BE Enthusiast
Joined: May 2005
Posts: 511
Re: 1.93's A$ to the Pound!!!
it is like the perfect storm,
just i am caught on the wrong side
just i am caught on the wrong side