FX £ - $ AUD This week
Nov 20th 2008 | 10:49 pm
#166
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From: Murrumbeena, Melbourne
Nov 20th 2008 | 11:36 pm
#168
Just Joined
Joined: May 2007
Posts: 11
From: Swasea
Re: FX £ - $ AUD This week
HSBC offered me 2.37 too - gutted, back to playing the waiting game now
Nov 21st 2008 | 12:02 am
#169
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Joined: Nov 2004
Posts: 380
From: Murrumbeena, Melbourne
Re: FX £ - $ AUD This week
No calls from Moneycorp for me, mind you I told them I'm in no rush & can play the waiting game!! 
Nov 21st 2008 | 12:10 am
#170
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Posts: 913
From: Takapuna, New Zealand
Re: FX £ - $ AUD This week
Just worked it out on excel and on £30k ever 0.1 is AUD$3000 so quite a lot. I know thats simple math but never actually thought it that way before and helps when quickly doing it in my head now, plus easier to explain to the misses that way.
Change at 2.4 (14" portable TV), change at 2.5 (50" Plasma) muwhahaha!
Nov 21st 2008 | 3:02 am
#171
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Posts: 730
Re: FX £ - $ AUD This week
mmm it can be scary when you look at difference the odd 0.1's make in total extra $'s.
I'm lucky enough to have sold the house before present housing problems and sitting on reasonable equity in the bank.
0.1$ here and there can quickly add up to a new car, house upgrade or even better taking pressure off having to get work as soon as we land (especially as I'm in building trades and OH will be pregnant and not working!)
just in from work and chart seems to be downhill ski-ing again but then it seems to go down at the moment but then return to where it was and then increase equal amount to what it went doen (if that makes sense??) that's what was happening yesterday anyway.
2002 last time nearly $3 - they say Australian housing market works in 7 years cycles so lets hope same for currency!!!
I'm lucky enough to have sold the house before present housing problems and sitting on reasonable equity in the bank.
0.1$ here and there can quickly add up to a new car, house upgrade or even better taking pressure off having to get work as soon as we land (especially as I'm in building trades and OH will be pregnant and not working!)
just in from work and chart seems to be downhill ski-ing again but then it seems to go down at the moment but then return to where it was and then increase equal amount to what it went doen (if that makes sense??) that's what was happening yesterday anyway.
2002 last time nearly $3 - they say Australian housing market works in 7 years cycles so lets hope same for currency!!!
Last edited by MrCro; Nov 21st 2008 at 3:03 am. Reason: typos
Nov 21st 2008 | 3:14 am
#172
Forum Regular
Joined: Apr 2006
Posts: 80
From: QLD
Re: FX £ - $ AUD This week
MrCro
I am same as you in the Construction Industry do not think new build will pickup till 2010! Will just have to keep watching exchange rate and fingers crossed by the we decide to make the move house sale and rate will have gone up!
I am same as you in the Construction Industry do not think new build will pickup till 2010! Will just have to keep watching exchange rate and fingers crossed by the we decide to make the move house sale and rate will have gone up!
Nov 21st 2008 | 3:15 am
#173
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Posts: 80
From: QLD
Re: FX £ - $ AUD This week
missed TIME out
Nov 21st 2008 | 3:18 am
#174
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From: Murrumbeena, Melbourne
Re: FX £ - $ AUD This week
It does make a huge difference that's why I'm a waiting!!
I fail to see how australia can avoid the ill financial winds blowing round the rest of the world, its just a question of time!!? When that happen's it can fail to devalue the dollar!?? Well maybe!???
I fail to see how australia can avoid the ill financial winds blowing round the rest of the world, its just a question of time!!? When that happen's it can fail to devalue the dollar!?? Well maybe!???
Nov 21st 2008 | 10:06 pm
#175
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Re: FX £ - $ AUD This week
where you heading stephen elaine?
rate seems to have ended at 2.3599 Friday night close of NY market.
Nice to have couple of days off chart watching now and will see what Sunday evening brings!
rate seems to have ended at 2.3599 Friday night close of NY market.
Nice to have couple of days off chart watching now and will see what Sunday evening brings!
Nov 24th 2008 | 10:41 am
#176
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Re: FX £ - $ AUD This week
any guessing what the tax cuts announced today might do to sterling ?
Nov 24th 2008 | 5:27 pm
#177
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Posts: 26
Re: FX £ - $ AUD This week
Hopefully bring it up to 2.70 again..............
Nov 24th 2008 | 6:08 pm
#178
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Re: FX £ - $ AUD This week
Tuesday, 25 November 2008 - Market Commentary
Ozforex Commentary
Great Britain Pound: Pound Sterling has roared back to life overnight on the back of UK Prime Minister Gordon Brown’s announcement of a 25.6 billion pound stimulus package.
The measures announced form the biggest round of tax cuts and spending increases in two decades and are aimed at countering the UK’s first recession since 1991.
Sterling opens this morning at 1.5125, up sharply from yesterday’s close of 1.4928 as UK equities surged 10 per cent yesterday to post the index’s biggest one-day rise ever.
Meanwhile, the pound opens lower against the Australian Dollar at 2.3250 and steady against the New Zealand Dollar at 2.7700.
- We expect a range today in the GBP/AUD rate of 2.3100 to 2.3350
The measures announced form the biggest round of tax cuts and spending increases in two decades and are aimed at countering the UK’s first recession since 1991.
Sterling opens this morning at 1.5125, up sharply from yesterday’s close of 1.4928 as UK equities surged 10 per cent yesterday to post the index’s biggest one-day rise ever.
Meanwhile, the pound opens lower against the Australian Dollar at 2.3250 and steady against the New Zealand Dollar at 2.7700.
- We expect a range today in the GBP/AUD rate of 2.3100 to 2.3350
Nov 24th 2008 | 6:24 pm
#179
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: FX £ - $ AUD This week
I'm no expert but saying you are going to put 500 billion in play over the next few years would hardly be a positive for any currency.
To give some indication of the scale of what is involved—the assets of what are now, in many instances worthless loans of just four of the high streets banks, RBS, HSBC, Barclays and Lloyds TSB/HBOS—total €2 trillion, €1.6 trillion, €1.5 trillion and €1.4 trillion respectively. This is more than four times the value of Britain’s GDP.
To give some indication of the scale of what is involved—the assets of what are now, in many instances worthless loans of just four of the high streets banks, RBS, HSBC, Barclays and Lloyds TSB/HBOS—total €2 trillion, €1.6 trillion, €1.5 trillion and €1.4 trillion respectively. This is more than four times the value of Britain’s GDP.
Nov 24th 2008 | 8:32 pm
#180
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Re: FX £ - $ AUD This week
£ seems to be on the up this morning!?
