Exchange rate AUD Vs GBP £1 buys $1.83
Feb 19th 2015, 9:37 am
#166
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
OZ dollar to the pound
its finally tipping that point again 2:1, will it, wont it or forever be over that point & stay there?
Good, bad or indifferent?
Currency Converter | Foreign Exchange Rates | OANDA
Good, bad or indifferent?
Currency Converter | Foreign Exchange Rates | OANDA
Feb 19th 2015, 9:41 am
#167
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: OZ dollar to the pound
its finally tipping that point again 2:1, will it, wont it or forever be over that point & stay there?
Good, bad or indifferent?
Currency Converter | Foreign Exchange Rates | OANDA
Good, bad or indifferent?
Currency Converter | Foreign Exchange Rates | OANDA
Feb 19th 2015, 10:28 am
#168
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,809
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Threads merged
Feb 20th 2015, 3:46 am
#169
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: OZ dollar to the pound
its finally tipping that point again 2:1, will it, wont it or forever be over that point & stay there?
Good, bad or indifferent?
Currency Converter | Foreign Exchange Rates | OANDA
Good, bad or indifferent?
Currency Converter | Foreign Exchange Rates | OANDA
MOFWIW:
As usual, it's all about USD
Falling commodity prices - AUD down (inevitable)
US will continue to improve - USD up
US will therefore have to put up interest rates sooner or later - USD up
Whether there is more downside to AUD against USD remains to be seen. It is within normal range but trending towards the bottom of said range
UK economy continuing to strengthen - GBP up
but
UK facing potential short term deflation
Interest rates still too low with no sign of them going up
UK remains horribly exposed to the Eurozone and all its problems
All not good for GBP
Feb 22nd 2015, 11:35 am
#170
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Not this week, no.
But the deficit goes up every day towards European levels and that is whilst the economy is (in theory) still growing. The political and (absurd) voting system harks to another era and has no hope of coping with American-style partisanship and the difficult decisions which are now necessary.
The resources sector is a dead duck, and it remains to be seen how long the beloved real estate sector can keep running on the fumes of the boom. If that goes the banks will be well and truly stuffed.
It all feels very much like the UK circa late 2007 to me.
But the deficit goes up every day towards European levels and that is whilst the economy is (in theory) still growing. The political and (absurd) voting system harks to another era and has no hope of coping with American-style partisanship and the difficult decisions which are now necessary.
The resources sector is a dead duck, and it remains to be seen how long the beloved real estate sector can keep running on the fumes of the boom. If that goes the banks will be well and truly stuffed.
It all feels very much like the UK circa late 2007 to me.
Total sovereign debt as a % of GDP (IMF):
Australia 27%
UK 90%
USA 107%
Canada 86%
New Zealand 38%
France 90%
Germany 82%
Italy 127%
Netherlands 72%
Norway 34%
Report for Selected Countries and Subjects
Our debt is worrying especially as there are few solutions to try and sort it out but we are nowhere near the levels of Europe/USA/Canada
Like most countries, our political system is complex and at the moment there is no partisanship as all concerned are caught up in the political cycle. This is not cool but using the US as an example?
They are a perfect example of the total opposite of partisanship on so many issues: Obamacare? Renewables? Immigration? Minimum wage? The only area where they have general bipartisanship is foreign policyResource industry is in a downturn so no new projects to drive growth. Not good but we are exporting more iron ore than ever before and the ramp up continues. LNG exports have hardly begun but from the end of this year will really take off thereby boosting GDP. No recession but it will be largely jobless growth
I'll leave experts like you to comment on house prices
If you are going to let your hatred of Australia dominate your posts as least get your facts right
Feb 23rd 2015, 2:26 am
#171
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Another nonsense agenda post but hey, haters gotta hate
Total sovereign debt as a % of GDP (IMF):
Australia 27%
UK 90%
USA 107%
Canada 86%
New Zealand 38%
France 90%
Germany 82%
Italy 127%
Netherlands 72%
Norway 34%
Report for Selected Countries and Subjects
Our debt is worrying especially as there are few solutions to try and sort it out but we are nowhere near the levels of Europe/USA/Canada
Like most countries, our political system is complex and at the moment there is no partisanship as all concerned are caught up in the political cycle. This is not cool but using the US as an example? They are a perfect example of the total opposite of partisanship on so many issues: Obamacare? Renewables? Immigration? Minimum wage? The only area where they have general bipartisanship is foreign policy
Resource industry is in a downturn so no new projects to drive growth. Not good but we are exporting more iron ore than ever before and the ramp up continues. LNG exports have hardly begun but from the end of this year will really take off thereby boosting GDP. No recession but it will be largely jobless growth
I'll leave experts like you to comment on house prices
If you are going to let your hatred of Australia dominate your posts as least get your facts right
Total sovereign debt as a % of GDP (IMF):
Australia 27%
UK 90%
USA 107%
Canada 86%
New Zealand 38%
France 90%
Germany 82%
Italy 127%
Netherlands 72%
Norway 34%
Report for Selected Countries and Subjects
Our debt is worrying especially as there are few solutions to try and sort it out but we are nowhere near the levels of Europe/USA/Canada
Like most countries, our political system is complex and at the moment there is no partisanship as all concerned are caught up in the political cycle. This is not cool but using the US as an example?
They are a perfect example of the total opposite of partisanship on so many issues: Obamacare? Renewables? Immigration? Minimum wage? The only area where they have general bipartisanship is foreign policyResource industry is in a downturn so no new projects to drive growth. Not good but we are exporting more iron ore than ever before and the ramp up continues. LNG exports have hardly begun but from the end of this year will really take off thereby boosting GDP. No recession but it will be largely jobless growth
I'll leave experts like you to comment on house prices
If you are going to let your hatred of Australia dominate your posts as least get your facts right
Last edited by DC10; Feb 23rd 2015 at 2:28 am.
Feb 23rd 2015, 10:28 am
#172
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Exchange rate AUD Vs GBP £1 buys $1.83
I said deficit, not debt. The deficit is approaching European levels. I am not sure I follow your discussion about partisanship, and I think you brush over the effects of the mineral prices and the impact that will have on govt revenue and employment for years into the future. You also don't mention the imminent shutdown of the motor industry. I'm not sure who is going to benefit from 'ramping up' exports of LNG or iron ore when the market price is half that on which the projects were costed. Your comment about hating Australia is odd and unjustified. But these are all just points of view, and it would be a boring world if everyone's were the same
Doesn't matter about what we think about increased IR and LNG exports, that's what's happening. As I was saying, this will increase GDP so no recession but it will be jobless growth, so not very cool but not a disaster
I never mention the motor industry as I was replying to a post in which you never mentioned it either
Everything you post is negative about Australia, so my comments were justified. Nothing wrong with this BTW - whatever floats your boat. I'm just calling it as it is
Feb 26th 2015, 4:02 am
#173
BE Enthusiast
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Stop the Pi$$ing comp
Is it going to get to 2:1 ????
Is it going to get to 2:1 ????
Feb 26th 2015, 9:41 am
#175
BE Enthusiast
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Yup cause it lasted 10 secs.
Mar 3rd 2015, 2:35 am
#177
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Rates on hold. 2.25%
Mar 13th 2015, 8:36 pm
#180
BE Enthusiast
Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: Exchange rate AUD Vs GBP £1 buys $1.83
The pound has took a right tumble leaving me wishing I'd cashed in at 1.98