FX £ - $ AUD This week
Dec 6th 2008 | 4:08 am
#241
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Joined: Jan 2007
Posts: 913
From: Takapuna, New Zealand
Re: FX £ - $ AUD This week
Just noticed on the UKForex site there customer rate is 2.80 as well, but can't trade till Monday.
Any ideas whats going on here or is it just a glitch?
Any ideas whats going on here or is it just a glitch?
Dec 6th 2008 | 4:26 am
#242
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Joined: Nov 2004
Posts: 380
From: Murrumbeena, Melbourne
Re: FX £ - $ AUD This week
I've just had the email from Ozforex saying 2.82! If so my limit order at 2.70 with moneycorp should've been completed!??
But I cannot see why, how there has been such a sudden move - is it just the Ozforex site??
But I cannot see why, how there has been such a sudden move - is it just the Ozforex site??
Dec 6th 2008 | 4:32 am
#243
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Posts: 2,362
From: Nowhere - I'm a travelling (wo)man!
Dec 6th 2008 | 4:34 am
#244
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Posts: 913
From: Takapuna, New Zealand
Re: FX £ - $ AUD This week
Dec 6th 2008 | 4:35 am
#245
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Joined: Nov 2004
Posts: 380
From: Murrumbeena, Melbourne
Re: FX £ - $ AUD This week
I can only see that its a glitch, money markets are not open at the weekend and the move in the £ against the american dollar has been pretty big too!??
Dec 6th 2008 | 4:38 am
#246
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Joined: Oct 2006
Posts: 2,362
From: Nowhere - I'm a travelling (wo)man!
Re: FX £ - $ AUD This week
If you look at the other rates, it says US$1.78, €1.40. I don't think so, I'm sure it's a glitch. There's going to be some cross people out there though having received alerts and thinking they've struck lucky.....
Dec 6th 2008 | 4:59 am
#247
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Joined: Jan 2007
Posts: 913
From: Takapuna, New Zealand
Re: FX £ - $ AUD This week
I'm sure its a glitch as well. Pretty cruel on for people though as my heart jumped out my chest when I saw that alert and then rate on the site.
Still going to ring them 20:00 tomorrow to see what they say.
Fingers crossed its not a glitch, can't see it being otherwise though
Still going to ring them 20:00 tomorrow to see what they say.
Fingers crossed its not a glitch, can't see it being otherwise though
Dec 6th 2008 | 5:35 am
#248
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Joined: Sep 2008
Posts: 408
From: Oz
Re: FX £ - $ AUD This week
Still showing 2.27 on BBC - sure they haven't loaded NZ dollar by mistake? If the deal goes through, I salute all of you!! 
Will look forwards to the fallout from this one.......
Will look forwards to the fallout from this one.......
Dec 6th 2008 | 5:51 am
#249
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Joined: Nov 2004
Posts: 380
From: Murrumbeena, Melbourne
Re: FX £ - $ AUD This week
Unfortunately my limit order is with Moneycorp so no chance of a "mess up" trade if its a glitch
Dec 6th 2008 | 8:19 am
#251
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Joined: Nov 2004
Posts: 380
From: Murrumbeena, Melbourne
Re: FX £ - $ AUD This week
Yeah that's why I believe its a mistake on the forex site!
Dec 6th 2008 | 9:55 am
#252
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Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
wow been away and missed this! 2.82 I'll be getting loans to exchange at that rate!
Dec 6th 2008 | 12:52 pm
#253
Joined: May 2006
Posts: 405
Re: FX £ - $ AUD This week
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. "
"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. "
Dec 6th 2008 | 10:42 pm
#254
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Joined: Jan 2007
Posts: 913
From: Takapuna, New Zealand
Re: FX £ - $ AUD This week
2.84 this morning. Must be a glitch but I'm still rining OzForex at 8pm tonight and seeing what they say.
Dec 6th 2008 | 11:19 pm
#255
Just Joined
Joined: Dec 2007
Posts: 24
Re: FX £ - $ AUD This week
Hi. Long time lurker on this thread (heading out to Oz in June - got my life savings to change, now regretting not setting up trading account before the 'Days of $2.70').
I noticed that the UKForex website went back to the usual weekend screen at about 11pm last night (i.e., not showing any rates due to markets being closed), but then these rates had reappeared this morning.
Looks like all the rates, not just AU$, are out. No way UKForex will honour any trades where it's clearly an error. Shame.....
I noticed that the UKForex website went back to the usual weekend screen at about 11pm last night (i.e., not showing any rates due to markets being closed), but then these rates had reappeared this morning.
Looks like all the rates, not just AU$, are out. No way UKForex will honour any trades where it's clearly an error. Shame.....
