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Exchange rate AUD Vs GBP £1 buys $1.83

Exchange rate AUD Vs GBP £1 buys $1.83

Old Aug 12th 2016, 9:00 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
I still spent pounds on my trip to the UK the past couple of weeks. If we get to 0.65 then I may start spending AUD in the UK.
Probably most unlikely that it will get to the $1 = 0.65p/£1 = $1.53 mark. The forecasts I've read have suggested mid $1.60's 2nd half of 2016, if RBA don't reduce I/R's further as expected. e.g.

https://www.poundsterlinglive.com/au...gain-this-year
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Old Aug 12th 2016, 9:37 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by OzTennis
Probably most unlikely that it will get to the $1 = 0.65p/£1 = $1.53 mark. The forecasts I've read have suggested mid $1.60's 2nd half of 2016, if RBA don't reduce I/R's further as expected. e.g.

https://www.poundsterlinglive.com/au...gain-this-year
We shall see. Interest rate reduction doing nothing in Oz except keeping property soaring. Interestingly the building pipeline in the UK is empty, always a good sign bad things are about to happen to an economy.
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Old Aug 13th 2016, 9:14 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
We shall see. Interest rate reduction doing nothing in Oz except keeping property soaring. Interestingly the building pipeline in the UK is empty, always a good sign bad things are about to happen to an economy.
Brexiters will tell you the interest rate reduction, the fall in the currency, the larger than expected QE by the BofE (who have now factored recession into their policies), the fall in business confidence, the fall in building approvals etc are just scaremongering and a temporary blip.
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Old Aug 13th 2016, 9:21 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by OzTennis
Brexiters will tell you the interest rate reduction, the fall in the currency, the larger than expected QE by the BofE (who have now factored recession into their policies), the fall in business confidence, the fall in building approvals etc are just scaremongering and a temporary blip.
The farmers are happy. Their subsidies are no where near as good under the EU than what they were under UK. So are FTSE players. The index is flying.

Just because you didn't get the result you wanted and your Melbourne mortgage is costing you nearly 20% more.

Onwards and upwards.
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Old Aug 14th 2016, 8:24 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
The farmers are happy. Their subsidies are no where near as good under the EU than what they were under UK. So are FTSE players. The index is flying.

Just because you didn't get the result you wanted and your Melbourne mortgage is costing you nearly 20% more.

Onwards and upwards.
Some of us don't have a Melbourne or a UK mortgage and can move liquid assets according to prevailing interest rates and exchange rates if desired. Always win win from a personal perspective.
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Old Oct 7th 2016, 12:01 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

GBP is in freefall again.

1GBP currently buying AUD1.63 or USD1.24.
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Old Oct 7th 2016, 12:02 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by bcworld
GBP is in freefall again.

1GBP currently buying AUD1.63 or USD1.24.

I've been tempted by these low rates, but this could just be the thin end of the wedge - the pound could fall a lot further.

Not sure when to buy pounds!


S
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Old Oct 7th 2016, 1:46 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

There was an insane flash crash this morning, various reasons given including algorithmic trading systems going mental.

Algos, Barriers, Rumors: Some Theories On What Caused The Pound Flash Crash | Zero Hedge
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Old Oct 7th 2016, 2:13 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by renth
There was an insane flash crash this morning, various reasons given including algorithmic trading systems going mental.

Algos, Barriers, Rumors: Some Theories On What Caused The Pound Flash Crash | Zero Hedge
Was awake during the night and checked it.Big difference between five this morning and now.
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Old Oct 7th 2016, 3:07 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Swerv-o
I've been tempted by these low rates, but this could just be the thin end of the wedge - the pound could fall a lot further.

Not sure when to buy pounds!


S
My benchmark is always around 0.68. Who knows if it will get there. I wonder if parity is an option.
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Old Oct 7th 2016, 3:13 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
My benchmark is always around 0.68. Who knows if it will get there. I wonder if parity is an option.

Could be - it's already heading to parity with the Euro...


S
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Old Oct 7th 2016, 3:41 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Swerv-o
Could be - it's already heading to parity with the Euro...

S
Its going to be tough ordering a £10 beer in Meribel this ski season.
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Old Oct 7th 2016, 7:31 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
Its going to be tough ordering a £10 beer in Meribel this ski season.
Buy some UK property eh?

The plunge coincided with Hollande's comment that the EU should take a tough stance on Brexit. Cause and effect or just coincidence. Gove/Johnson/Farage called talk of a falling pound if Brexit goes ahead scaremongering.
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Old Oct 7th 2016, 8:38 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by OzTennis
Buy some UK property eh?

The plunge coincided with Hollande's comment that the EU should take a tough stance on Brexit. Cause and effect or just coincidence. Gove/Johnson/Farage called talk of a falling pound if Brexit goes ahead scaremongering.
According to you buying UK property is a bad investment.
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Old Oct 7th 2016, 9:04 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
According to you buying UK property is a bad investment.
1 You claimed that foreigners buying up property immediately post Brexit was evidence that the economy wasn't adversely affected by the referendum result (I said that it was opportunism, buying up when the pound had fallen 20%; don't take it as more than that).

2 You now claim that they are savvy and never make bad investments so all must be well.

3 The pound has now fallen a further 10 to 15% and the London property market has fallen markedly so this calls into question how savvy they've been in buying up so soon and it means they will have to hold such assets for longer than they probably envisaged to make a return. In the long, long run you rarely lose out with property.
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