1.93's A$ to the Pound!!!
Mar 2nd 2010, 11:51 am
#1396
Daffyd Duck
Joined: Jul 2008
Location: Paradise
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Re: 1.93's A$ to the Pound!!!
is it now a good time to invest in GBP-denominated assets then?
Mar 2nd 2010, 11:55 am
#1397
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Location: Hope Island, Gold Coast
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Re: 1.93's A$ to the Pound!!!
Very much depends what assets you're talking about, the only one I can think of is housing and as a pure investment (rather than a home) that's got risks other than currency fluctuation associated with it.
Mar 2nd 2010, 12:21 pm
#1398
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Posts: 484
Re: 1.93's A$ to the Pound!!!
Id say so. Anyone with Ozzie $'s looking to convert should do it now. You'll be laughing all the way to the bank.
No point crying in a years time when it goes back up again. As people who didn't change at 2.3 waiting for it to go back up are now...
Everyone knows the UK is coming out of recession (as the figures show). They are delaying increasing interest rates but as soon as they do the pound will be back. As for Oz do people really think an income/house ratio of 6/1 is sustainable? Maybe while the labour govt is chucking money at everyone but there's there will be an election due in oz at some point. The other parties won't be giving 1st time buyers grants, baby bonuses etc etc...
No point crying in a years time when it goes back up again. As people who didn't change at 2.3 waiting for it to go back up are now...
Everyone knows the UK is coming out of recession (as the figures show). They are delaying increasing interest rates but as soon as they do the pound will be back. As for Oz do people really think an income/house ratio of 6/1 is sustainable? Maybe while the labour govt is chucking money at everyone but there's there will be an election due in oz at some point. The other parties won't be giving 1st time buyers grants, baby bonuses etc etc...
Mar 2nd 2010, 12:35 pm
#1400
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Mar 2nd 2010, 1:43 pm
#1401
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Re: 1.93's A$ to the Pound!!!
Hey Martin Luther. Was it? Baws. Ah well, I'll take the $5k when we have a kid there. Some Aussie guy from Perth told me the liberals will get rid of all that. Maybe he was wrong then...
UK will still bounce back though! UK UK UK UK lol
UK will still bounce back though! UK UK UK UK lol
Mar 2nd 2010, 6:08 pm
#1402
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Location: Sydney
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Re: 1.93's A$ to the Pound!!!
Analyst said today that back in the 80's the pound had a lousy time against the dollar and was at parity at one point. The pound will definitely rebound. Could well be another year of pain before that happens though.
Mar 2nd 2010, 6:35 pm
#1403
Banned
Joined: Aug 2008
Posts: 22,348
Re: 1.66
People who think this is a crisis want to take a look over the fence, i.e. if you live in continental Europe (as I do) buying in the UK is now a lot cheaper than the rest of Europe.
You have to believe that with increasing demand (from outside the UK), and the potential that increasing cost of imported goods will soon start to feed through to inflation then the government will eventually need to think about pushing up interest rates which will make sterling relatively more attractive and everything will begin to stabilise.
easy innit
You have to believe that with increasing demand (from outside the UK), and the potential that increasing cost of imported goods will soon start to feed through to inflation then the government will eventually need to think about pushing up interest rates which will make sterling relatively more attractive and everything will begin to stabilise.
easy innit
Don't worry everyone. It will come back round. As you say this is the lowest rate in 25 yrs but this is the biggest recession for the UK in that time. If you look over the last 25 yrs you'll see peaks and troughs are common so it will come back up. Anyone that changes money at this rate must like chucking their money away. As Martin says, interest rates will have to come up in the Uk in the next year and then the £ will start to come up. Likewise labour are chucking money at everyone in Oz right now so their rate is high but an income - property price average of 6 isn't going to last. Remember thats what it was here before the recession.
.
Mar 2nd 2010, 6:41 pm
#1404
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Re: 1.93's A$ to the Pound!!!
Truth is no-one knows, the Uk could join the Euro at parity, get devalued or bounce back, whats important is the likelyhood of each of those events, right now it doesn't look great.
Mar 2nd 2010, 6:55 pm
#1405
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
Some Aussie guy in Perth doesn't know what he's talking about. No surprises there
Mar 2nd 2010, 11:11 pm
#1406
Forum Regular
Joined: Oct 2008
Location: in queensland
Posts: 43
Re: 1.93's A$ to the Pound!!!
Am I better taking pounds out now for the holiday in the Uk in June .? That is the only good thing... och my pension.. going .. going.....
Mar 2nd 2010, 11:47 pm
#1407
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Re: 1.93's A$ to the Pound!!!
Mar 3rd 2010, 2:13 am
#1408
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Re: 1.93's A$ to the Pound!!!
Mar 3rd 2010, 2:55 am
#1409
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Re: 1.93's A$ to the Pound!!!
I did think maybe thats what was meant ..... later
Mar 3rd 2010, 4:04 am
#1410
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Posts: 22,348
Re: 1.93's A$ to the Pound!!!
