La Vida loca

Wouldnt it be fantastic....... imagine the holidays we could have.......maybe become a reality soon, when the UK becomes a total basket case........

Be so cheap, I wonder what the streets would look like, maybe hire a local englishman to drive you around in a Limo and throw a few coins at him for privelidge...

MartinLuther

Or when $1 = €1 if we're talking about the currency that'll be used in the UK in the near future.

ABCDiamond

It was about $3 to £1 in 2003, now in 2009 about $2, so maybe another 6 years and in 2015 it could be $1 = £1

Amazulu

It's been lower than that. When I was here in 1995 we were getting less than AUD2/GBP.

bcworld

If you're looking out for A$ weakness in the hope of the rate against GBP improving then you shouldn't be considering GBPAUD in isolation - you also need to look at what the AUD is doing against other currencies to get a picture of the AUD's realtive strength.

AUD has lost about 25% of it's value against the USD in the last year and also the EUR has made significant gains against AUD in the last few months i.e. the Aussie has already weakened substantially. Meanwhile the GBP continues to languish around 10 year lows.

So the story really is all about GBP weakness, and the best hope of the exchange rate improving for those selling pounds is some fundamental improvement in the state of the finance system in the UK, not further weakening in Australia.......that's my $0.02/£0.01 anyway.