EXCHANGE RATE
 

Anyone keeping an eye on exhange rate, as i am, its just dropped to 43.01 at 10pm cheers carl

Re: EXCHANGE RATE
 

Yeah the AUD has also dropped against the USD

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42.92

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$2.34 to the £ now-going up:thumbup:

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€1.62 to $1.00. Sharp decline in the $ today. Anyone know why? any comments if the decline will continue? Holding out for our money exchange. Thanks.

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UK Inflation figures released tommorrow, if they are +2% then it will put upward pressure on interest rates here in the UK, so obviously make sterling more attractive to the currency investors!:)

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Lots of support for the US dollar because its got too weak.

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is the + 2% a real likelihood?-you sound like you're in the know!:)

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Oil hitting $100 dollars a barrel and mainly caused by petrol costs IMHO!

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Has not happened yet. Many economists say it won't either.

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There are two types of people who make predictions regarding the UK economy!

1. Those who do not know?
2. Those who do not know that they do not know?

I am 1.;)

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:lol: me too

currently sat huffing and puffing over whether i should bite the bullet and exchange today

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From OZFOREX if of any interest?

The Aussie dollar is expected to remain under selling pressure this week given the renewed risk aversion that has impacted upon investor sentiment and equity markets as a result of the continuing fallout from the sub-prime mortgage sector crisis. On the data calendar this week the US retail sales figures are likely to have a direct impact on the Aussie. On the domestic front, Monday’s RBA monetary policy statement will be closely watched for its outlook for interest rates and inflation.

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errr

is that good news or bad news if i want to exchange £ to A$ ?


i'm :confused:

Lee :confused:

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Sorry means basically that the pound should become a bit stronger against the dollar this week ..(how I read it - hopefully!)..think weve got a long wait to get up to 240 though!