Exchange rate AUD Vs GBP £1 buys $1.83
Jan 12th 2016, 9:55 am
#376
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
I agree, and I think the best way to describe the differences is that with the AUD it's economic uncertainty that's in the way, whereas in the UK it's mostly about political uncertainty... which of course could in turn have a strongly adverse affect on the economic outlook.
Jan 12th 2016, 9:58 am
#377
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Anyone's guess
"London is vulnerable to a negative shock. All these people who are 'long' oil and mining companies thinking the dividends are safe are going to discover that they're not at all safe," he said.
RBS tells investors: 'Sell everything' | smh.com.au
"London is vulnerable to a negative shock. All these people who are 'long' oil and mining companies thinking the dividends are safe are going to discover that they're not at all safe," he said.
RBS tells investors: 'Sell everything' | smh.com.au
Jan 12th 2016, 10:13 am
#378
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
""Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small."
Wow, those are quite strong words, but I certainly agree as to the notion of not holding any position when it comes to investments. I think sitting on cash/currencies is the way forward, and if the US stock market tanks then you will be in a position to do some bargain shopping. That's what I'd basically be holding out for now - the next stock market crash. It's bound to happen, as they do in history, and after that new historical records will be broken once the markets rebound, as they do in history.
Wow, those are quite strong words, but I certainly agree as to the notion of not holding any position when it comes to investments. I think sitting on cash/currencies is the way forward, and if the US stock market tanks then you will be in a position to do some bargain shopping. That's what I'd basically be holding out for now - the next stock market crash. It's bound to happen, as they do in history, and after that new historical records will be broken once the markets rebound, as they do in history.
Jan 12th 2016, 6:10 pm
#379
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Posts: 22,348
Re: Exchange rate AUD Vs GBP £1 buys $1.83
""Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small."
Wow, those are quite strong words, but I certainly agree as to the notion of not holding any position when it comes to investments. I think sitting on cash/currencies is the way forward, and if the US stock market tanks then you will be in a position to do some bargain shopping. That's what I'd basically be holding out for now - the next stock market crash. It's bound to happen, as they do in history, and after that new historical records will be broken once the markets rebound, as they do in history.
Wow, those are quite strong words, but I certainly agree as to the notion of not holding any position when it comes to investments. I think sitting on cash/currencies is the way forward, and if the US stock market tanks then you will be in a position to do some bargain shopping. That's what I'd basically be holding out for now - the next stock market crash. It's bound to happen, as they do in history, and after that new historical records will be broken once the markets rebound, as they do in history.
Jan 13th 2016, 4:10 am
#380
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Anyone's guess
"London is vulnerable to a negative shock. All these people who are 'long' oil and mining companies thinking the dividends are safe are going to discover that they're not at all safe," he said.
RBS tells investors: 'Sell everything' | smh.com.au
"London is vulnerable to a negative shock. All these people who are 'long' oil and mining companies thinking the dividends are safe are going to discover that they're not at all safe," he said.
RBS tells investors: 'Sell everything' | smh.com.au
AEP was banging on about this on the Telegraph website - and he is nearly always wrong
Jan 13th 2016, 4:12 am
#381
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
It's all about USD as usual
Jan 13th 2016, 5:48 am
#382
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Jan 13th 2016, 7:31 am
#383
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
http://m.theage.com.au/federal-politics/political-news/vacancies-jobs-market-the-best-in-three-years-20160113-gm525a.html
Employment figures aren't bad for a currency either
Employment figures aren't bad for a currency either
Feb 18th 2016, 4:15 am
#384
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Seems to be creeping up again, dollar buying 50P again.
No idea why havent looked at it for ages.
No idea why havent looked at it for ages.
Feb 18th 2016, 4:39 am
#385
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
IIRC the pound isn't doing well on the markets in light of the uncertainty on EU escape - plus Oz rebounded somewhat on Abbott getting the boot and it looking like Turnbull could get reelected.
Feb 18th 2016, 5:39 am
#386
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Agreed. UK markets have the wobbles over the E.U. negotiations and pending in/out referendum. Perhaps the recent rise in AUD can also be attributed to the slight recovery of oil and other commodities
Feb 18th 2016, 5:51 am
#387
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
Yeah. I'm off to the US next week and keep a little eye on it. The Aussie has been rising against the US too.
Feb 18th 2016, 7:56 am
#388
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
That's exactly what they did the last time around, with the AUD falling apart and no sign of intervention until all others did their thing and were finally out of ammo.
Feb 18th 2016, 9:06 am
#389
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
The next time the US stock market tanks the AUD will be testing a rate of 50 US cents to the AUD. Even then I'm not certain whether the RBA will intervene at this level or whether they'll let all the panic-sellers close their positions and all all the speculators do their thing in the short term before moving in to stabilise things.
That's exactly what they did the last time around, with the AUD falling apart and no sign of intervention until all others did their thing and were finally out of ammo.
That's exactly what they did the last time around, with the AUD falling apart and no sign of intervention until all others did their thing and were finally out of ammo.
Feb 18th 2016, 12:02 pm
#390
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Re: Exchange rate AUD Vs GBP £1 buys $1.83
I mean tanks as in truly takes a dive like the one that happened in 2007-08.
http://finance.yahoo.com/echarts?s=%5Edji+interactive#{"range":"10y","allow ChartStacking":true}
The Aussie Dollar went into even greater freefall then, taking a pummelling that I've never seen before. I wouldn't want to be holding onto too many AUD when the proverbial hits the fan the next time around over in the US.
http://finance.yahoo.com/echarts?s=%5Edji+interactive#{"range":"10y","allow ChartStacking":true}
The Aussie Dollar went into even greater freefall then, taking a pummelling that I've never seen before. I wouldn't want to be holding onto too many AUD when the proverbial hits the fan the next time around over in the US.