Sweets is ok there conveting from Euro's

Us peeps with Sterling are screwed!! I could have bagged 2.61 a few weeks ago, talk about pissed off :curse:

Que cera cera. The past is for reference not residence, I've got enough dollars I changed a few years ago at 2.48 to get through most of next year if required!!

Not enough to buy a house though!

Same as you Chillman changed some dollars @ $2.53 a couple of weeks ago but will have to sit it out till rate changes in £ favour or until house sells

I am converting Euro mostly, only a tiny percentage of STG's. I put the article up there more for the fact that RBA are saying that Aussie $ will stabilise in future. Something to think about.

Another 1% cut by the B of E, another cut in January?

I never thought I would see the day I'm cursing cuts but no mortgage, money in the bank, wanting to buy dollars - oh for a simple life!!

another 1% cut as predicted! £ bottomed out at 2.25 but seems to be instantly on the up now, city selling £ hard prior to announcement.

My savings account soon won't be worth having, getting to point I'd be better off buying one of the cheap houses available and renting it out as better return than 2.5% interest from bank!

But I guess that's what they are trying to do, get people spending.

Trouble is when going to Oz next year who'd want to invest in another property which may be hard to shift when I go?

Could do with a rally against dollar as better interest rate still with bank out there plus only pay the 10% offshore tax.

Ahhhhhhhhhhhh, wish I'd bought at 2.6 ........2.45 even!

I'm with you on that one!!

You know the worst thing, even when I get to Oz I'll still be watching these blooding exchange rates!!!

More and more convinced to have a go at moving back and forth to make some £££'s just need around 2.45 for first roll of the dice. If I can't get income from savings account then will try this.

My work as a builder really dried up and OH self employed and feeling hard pinch so need to do something.

My life was very simple until I applied for my visa in 2004, its been alot more complicated ever since - when am I leaving, watching rates, concerns about jobs in Oz, should I shouldn't I .... Ahhhhhhh!

worth it when you get there. I first went on working holiday for a year 1989, got job and sponsored and stayed on getting perm resi.

then recession hit early 90's! lost job and nothing else in engineering field I was in at time!

so back to UK for uncles wedding! stayed as got into new job and relationship etc and stayed in UK till 2005. Went back sorted visa and that was it for good! Then met present OH whilst she was on holiday, who was not in a position to move over straight away!

So back to UK again last year! But thankfully she wants to move back to Oz so I came back to UK so she can finalise her business, house sale etc.

Makes me abit of a ping pong pommy but not because of usual reasons.

Fingers crossed this will be 3rd time lucky and don't have to go through all this again!

Wow & I thought my life was complicated!!

Certainly hope it's worth it, I'm giving up a good job in the UK with nothing lined up out in Oz!! A little scary given the current economic climate! Still have to make some sacrifices to get what you want sometimes!??

Sterling set for new lows next year!!

http://www.citywire.co.uk/personal/-...4313&ea=191115

Know how you feel: safe as houses in the job I am in, about to give it all up in a situation where there is a global recession looming, where my cost of living is going through the floor and I am going to be seriously better off..................!

And then there are the kids facing an upbringing where the first question will be what school did you go to? Are you Catholic or Protestant? Which gang are you in? Or........Oz. Light, sunshine, surf, positivity, no limits. Rather be unemployed in the sun. Fat chance, my wife will be chasing me to get a job.

Think less, do more, time to go........we are so outta here when the visa comes through.

Had to sell my favourite possessions to raise the dough for forward exchange during the last surge, so you pays your money and makes your decision...declined at 2.45, settled at a reasonable rate, not too greedy, not too shabby either.

Think the thing that swung it for me was the info on the impact of Japanese currency investment swings at the time: will be interesting to see if and when we get to $2.70 again........

Or not?

http://www.bloomberg.com/apps/news?p...d=al6dxrzOB7M4

I think you will find Bloomberg article may start positive, but does not stay that way for long.......time to take that Fukitol tablet....is the sun out in Adelaide at the mo?

"A rebound in the pound may not be imminent as investors bet the central bank will cut rates further to revive the economy, Europe’s second-largest. Policy makers will reduce the benchmark rate to 1.5 percent by the end of 2009, according to the median forecast of 33 economists surveyed by Bloomberg.

“There’s still a lot more to go,” said Ian Stannard, a foreign-exchange strategist in London at BNP Paribas SA, the most accurate forecaster in a 2007 Bloomberg survey “There’ll be more weakness.” The pound will drop 16 percent to $1.24 by the end of March, according to Stannard.

Traders have amassed a net 40,244 futures contracts betting on a pound decline, data from the Commodity Futures Trading Commission in Washington showed on Nov. 25. That’s about the most since the last week of September, when they had 47,771 wagers. The currency declined 18 percent since then.

“They are more exposed to the problems in the housing market and banking sector,” said George Buckley, an economist in London at Deutsche Bank AG, the world’s biggest foreign- exchange trader, according to a Euromoney Institutional Investor Plc survey. “They should have cut the rates more quickly.” The pound will tumble to $1.30 by year-end, according to Buckley. "

WHAT THE!!!!!! Just got an OzForex alert for AUD at 2.82!! I looked on there website and yep it 2.82 but you can't trade as it says currency updating.

Looked at Hifx and Moneycorp and both 2.29.

Here is the screengrab I took attached. What is going on as I can't purchase anything on the website as they don't trade at the weekends and no other sites show it like this?

Surely if you had a lock-in deal this would have triggered?

Any ideas?