Exchange rate AUD Vs GBP £1 buys $1.83
May 6th 2015, 11:17 am
#196
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Look no further than resource prices
May 6th 2015, 12:11 pm
#197
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
So AUD up or down after the general election ?
May 6th 2015, 12:52 pm
#198
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Posts: 78
Re: Exchange rate AUD Vs GBP £1 buys $1.83
I'm moving to Oz in August/September. Does this mean that now is the best time to exchange my GBP for AUD? I was planning on doing that when I landed in Oz/just before
May 6th 2015, 1:01 pm
#199
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May 6th 2015, 2:20 pm
#200
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
True, and if a cut is already factored in then there should be no further fall. But here we have an unexplained rise, which I attribute mainly to a rise in commodity prices.
What is worrying is the level of debt in Australia as well as the state of the economy in general which does not look like it is set to improve in the near future. This will in turn hurt the AUD as it will be a sign that even with record-low interest rates, the RBA still has work to do whilst it is running out of tools (even a further cut will just raise anxiety if the results are not as expected).
What is worrying is the level of debt in Australia as well as the state of the economy in general which does not look like it is set to improve in the near future. This will in turn hurt the AUD as it will be a sign that even with record-low interest rates, the RBA still has work to do whilst it is running out of tools (even a further cut will just raise anxiety if the results are not as expected).
As the most likely result is a minority Labour government in coalition with the SNP the markets are probably factoring in the likely impact of this on the pound.
UK Election: How Will A Labour Victory Affect the Pound Sterling to Euro (GBP/EUR) Exchange Rate? | Euro Exchange Rate News
May 6th 2015, 5:17 pm
#201
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Posts: 22,348
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Anyone's guess really but in your shoes I think I'd wait until after the election dust has settled.
May 6th 2015, 9:31 pm
#202
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
May 6th 2015, 10:16 pm
#203
snɐןɔ ʎʇıuɐs
Joined: Nov 2006
Posts: 6,558
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Debatable.
Someone is going to have to make themselves a liar to get a government that can stand or act. We'll find out exactly who is the liar after the results are in and the horsetrading goes into overdrive. As I said, neither option is particularly appealing to the markets - with a probable slim preference for the Tories to return, but with someone stopping them from holding an EU referendum.
Don't forget, we also have the Australian budget next Tuesday. That will likely both have a gaping hole where resources once were, and no particular appetite to fill it with measures that wouldn't get through the senate. Therefore the global markets is likely to view that negatively in the same timeframe that the UK hung parliament is getting sorted out.
The result may be a fundamentals based reassessment of what that exchange rate should be - which might well push the AUD down vs the UKP.
And then there's greece ...
Someone is going to have to make themselves a liar to get a government that can stand or act. We'll find out exactly who is the liar after the results are in and the horsetrading goes into overdrive. As I said, neither option is particularly appealing to the markets - with a probable slim preference for the Tories to return, but with someone stopping them from holding an EU referendum.
Don't forget, we also have the Australian budget next Tuesday. That will likely both have a gaping hole where resources once were, and no particular appetite to fill it with measures that wouldn't get through the senate. Therefore the global markets is likely to view that negatively in the same timeframe that the UK hung parliament is getting sorted out.
The result may be a fundamentals based reassessment of what that exchange rate should be - which might well push the AUD down vs the UKP.
And then there's greece ...
May 7th 2015, 1:05 am
#204
snɐןɔ ʎʇıuɐs
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Oh, and the markets seem to think that a Labour government would mean an earlier interest rate rise; therefore a rise in the pound and relative fall in the AUD. So there's that too.
May 7th 2015, 1:28 am
#205
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Location: Ilukapool. WA
Posts: 12,467
Re: Exchange rate AUD Vs GBP £1 buys $1.83
I must admit I was mystified about how the AUD dropped after the announcement and though it was a "sell the news" event.
I need Aussie to weaken Vs GBP as I have some money to bring over. I expect it will.
I'm hoping for a surprise UK election win for whoever because that will strengthen the pound but I think a Lab/SNP government would be disastrous.
Anyway we shall see...
I need Aussie to weaken Vs GBP as I have some money to bring over. I expect it will.
I'm hoping for a surprise UK election win for whoever because that will strengthen the pound but I think a Lab/SNP government would be disastrous.
Anyway we shall see...
May 27th 2015, 11:37 am
#206
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Posts: 22,348
Re: Exchange rate AUD Vs GBP £1 buys $1.83
It's currently hovering just a smidgen below 2 to 1! 
May 27th 2015, 9:21 pm
#209
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
May 28th 2015, 8:39 am
#210
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
