2.20 now

and falling...........2.21 not sure what's going on today!?

I got the rate alert at 2.82 as well, thought xmas had come early!

My uncle landed here from Oz this week and said recession really starting to bite and they are terrified of the slow down in China as commodity sales to China have kept them strong on the $ and trade wise too.

China now struggling too so they feel grim outlook with the knock-on effect.

I'm in negative to send £'s back until it reaches 2.33 (rate I last brought back to the UK at) some predicting steady rates until after xmas now but then today has hardly been steady, 6 cents down within the day! That's $6k if one had a £100k to send, price of a half decent runabout :curse:

We're doomed, doomed!!

We're as doomed as Doomy McDoom of the Castle McDoom, located on the shores of Loch Doom, just up the road from Doom village, on the Isle of Doom, accessed via Doom airport.


Dooooooooooooomed!!

Could be worse, could be changing for Euros at the mo...........

don't panic, going uphill again 2.24 and rising

Can I join in the panic???

Would really like at least 2.3 as that's what we based our move on but don't know if I am holding out unrealistically??? Managed to forward fix some savings at 2.33 a few months back and then it shot up to 2.7!

Really, really need to make the most we can...

Keep your eye on it today then - the auto bailout hasn't passed in the senate so stocks are dumping. If that continues into europe and the states could well hit 2.30

Thanks for the tip - will keep an eye on it today.

I'm taking 2.30 if it gets there, need to get some money in place for when we arrive after xmas. To be honest it would be a relief to stop looking at the rates every 15 minutes!!!!

Good luck all and Seasons greetings. Hope you get the rate you want. 2.27 at moment.

On reflection, this has been a rollercoaster of a year: visa applications, exchange rates, global recession, decluttering, housing markets, job worries, job woes, redundancy, money worries....most challenging of my 41 years by far.

But the thing that has most concerned me is this; will Robbie rejoin Take That?

It tipped 2.3 at one point this morning after a big overnight recovery.

Hovered around 2.27-2.28 all morning.

I think anything 2.4+ is a good rate, waiting for the 2.6-2.9's could be a very long wait when you look at the 10 year charts. But on those long term charts the average range is in the 2.4-2.5's generally apart from these last couple of strange economic incertain years.

I think this story is far from over, who knows what next year holds.

I strongly suspect when the full impact of the global slowdown on Australia is realised, the "head in the sand" outlook dissappears, that a further fall in the dollar is likely.

However if things get any worse in the UK, who knows!???

Come next March-July the aussie economy will be begining to experience what we've had this year and hopefully by that time we will have stabalised and be starting to come out of it!?

Hopefully for us moving out there that will mean houses starting to sell again here at realistic values, stronger £ and house prices hitting lows in Oz!

That's my hope not a prediction BTW!

This is just a moment in time. No sense in getting too carried away about the good old days of 2.5+ or getting more doomful about the future direction of Sterling. A lot of the bad news for the UK is already priced in, and I reckon the pendulum is swinging quite far out on its arc (maybe not fully out yet...).

Who knows where it will be next week, month or year?

I hope that in a couple of years I won't be thinking in terms of sterling...only Oz dollars

Click below for animation!

Just got 2.26 at Halo for the price of an Aussie car.

Will leave our equity in the Uk attracting a measly 2% until the rate improves. (I reckon next Sptember - only because it has peaked 2 Septembers in a row)