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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Mar 1st 2010, 11:42 am
  #1351  
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Default 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???
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Old Mar 1st 2010, 11:54 am
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Default Re: 1.69 to the pound!!!!

Originally Posted by DownUnderPaddy
Jeez....what an absolute HAMMERING !
down to 1.668
1.6595 only 3 mins ago, but back up slightly.
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Old Mar 1st 2010, 11:56 am
  #1353  
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Default 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 12:02 pm.
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Old Mar 1st 2010, 12:00 pm
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Default Re: 1.93's A$ to the Pound!!!

Threads merged.
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Old Mar 1st 2010, 12:14 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
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.
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
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Old Mar 1st 2010, 12:18 pm
  #1356  
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Default Re: 1.93's A$ to the Pound!!!

CBA quoting 1.659
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Old Mar 1st 2010, 12:20 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by ozzieeagle
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
I expect the median wage has been moving in the opposite direction for a while now.
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Old Mar 1st 2010, 3:14 pm
  #1358  
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Default 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:
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Old Mar 1st 2010, 5:27 pm
  #1359  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by BAY
Thank you Tony Bliar, Gordon Brown , NuLabour and all of those people who voted for NuLabour :curse::curse:
If you're in Perth why would this upset you?
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Old Mar 1st 2010, 5:28 pm
  #1360  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Australia_bound?
If you're in Perth why would this upset you?
Maybe BAY has been one of those waiting for a stronger GBP to move their money...

Doubt the Tories in power all this time would mean GBP was any stronger.
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Old Mar 1st 2010, 5:36 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Devlin

Doubt the Tories in power all this time would mean GBP was any stronger.
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).
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Old Mar 1st 2010, 7:31 pm
  #1362  
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Default Re: 1.93's A$ to the Pound!!!

It's now $1.6657 to £1. WTF is going on. The rest of the news is talking about how the GDP is doing better and how the UK economy has actually started growing. I just don't understand why it's getting worse.
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Old Mar 1st 2010, 7:53 pm
  #1363  
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Default Re: 1.93's A$ 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.
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Old Mar 1st 2010, 8:20 pm
  #1364  
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Default 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
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Old Mar 1st 2010, 8:22 pm
  #1365  
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Default Re: 1.93's A$ to the Pound!!!

it is like the perfect storm,


just i am caught on the wrong side
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