Exchange rate AUD Vs GBP £1 buys $1.83
#421
Re: Exchange rate AUD Vs GBP £1 buys $1.83
https://www.poundsterlinglive.com/au...gain-this-year
#422
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
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
https://www.poundsterlinglive.com/au...gain-this-year
#423
Re: Exchange rate AUD Vs GBP £1 buys $1.83
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.
#424
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
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.
Just because you didn't get the result you wanted and your Melbourne mortgage is costing you nearly 20% more.
Onwards and upwards.
#425
Re: Exchange rate AUD Vs GBP £1 buys $1.83
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.
Just because you didn't get the result you wanted and your Melbourne mortgage is costing you nearly 20% more.
Onwards and upwards.
#426
Re: Exchange rate AUD Vs GBP £1 buys $1.83
GBP is in freefall again.
1GBP currently buying AUD1.63 or USD1.24.
1GBP currently buying AUD1.63 or USD1.24.
#428
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
Algos, Barriers, Rumors: Some Theories On What Caused The Pound Flash Crash | Zero Hedge
#429
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
Algos, Barriers, Rumors: Some Theories On What Caused The Pound Flash Crash | Zero Hedge
#430
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
#433
Re: Exchange rate AUD Vs GBP £1 buys $1.83
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.
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.
#434
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
According to you buying UK property is a bad investment.
#435
Re: Exchange rate AUD Vs GBP £1 buys $1.83
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.
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.