A slowdown in the commodities boom is also predicted for 2011 which would support a slow reversal in the AUD. Most bits that I've read have suggested a slow reversal in the AUD in 2011.

We came here in April 2010 and have left most if not all of our money in the UK. We both work so really we don't need that money yet anyway and are still deciding on areas to live. Am improvement in the exchange rate by September 2011 would be good. Overall we are happy to be here no matter what the exchange rate.

Well if people stop coming here, you wont need to catch the train as you wont have a job, nor will the train driver! No-one will visit here, nothing will be exported, global companies will close aussie offices. Then the aussie dollar will collapse in a big heap.

Good thing I'm a survivor then ;-)

It was 38p to $1 when I got here and things were expensive then.

With the average schooner of beer in Sydney city at $6.50, thats more than 4 quid. Not even a pint!! Or if you really wanna go crazy theres always the belgian beer cafe $14 for a pint of hoegarden. 9 quid a pint... nice!!.

I cant wait til the next UK trip, 3 pound a pint will be cheap!!

I can categorically state that the GBP/AUD will soar to hitherto unknown heights somewhere around the beginning of September 2011.

It'll probably peak around 1GBP=$3 and then sink back to its current depths around the middle of October.

It'll have nothing to do with our planned trip to the UK at that time.

yep, my dh earns all his income from the uk, and it went from us moving back to aus, with a good, income, to now having a crap one, even though he still has to work hard...
we're sick of everything being a rip off, and costing too much, so we're doing something crazy, and going to live somewhere in the uk where the av wage is low, maybe start devon, and then go wales ,scotland, yorkshire etc for a while...
then even his crap income in pounds will make us feel well off compared to the locals!
were going to live an austere life for a while, in comparison to the flashy life everyone seems to have in sydney, and i can't wait!

Yes, good luck, Australia is fast becoming what i would call peak ponzi, should something give, an event which kicks off something which has an adverse effect on Australia, anything could happen, i mean anything, the cracks are there, just not big enough yet, but they will become irrepairable.

http://www.moneymorning.com.au/20101...-revealed.html


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Yeah, the political consitution is all wrong and there isnt a decent politician in any party
Naive amateurs, out of touch with rest of the world

What a load of bollocks. Two Australian banks took the opportunity to access cheap funds... and that's news?!

What about the bit where the RBA tapped the Fed for $53billion over six months... does that mean Australia was bust as well?

Just a little bit of searching for real news not "look what we found " would have revealed that all (meaning every bank ) in USA had to take the bail out funds ,as it was the only way to hide the ones that really needed it.
This has been common knowledge since there first bail out.
This type of financial reporting is (moneymorning ) is quite frankly s**t.

I was reading recently about the US bank bailout (TARP I think they call it) from the viewpoint of today. It was initially budgeted at $700-odd billion. As of today, it's been revised downwards to $30b and may be even less. This is less than a much smaller bailout that happened in the late '80s. The US government has made a profit on it's bailout of the car industry.

My parents have been coming over here for 7 years at Christmas to visit us and they have really noticed the drop in exchange. I personally think it will take years for the pound to recover and the dollar will remain strong, the rate when we moved over wasn't great for us 7 years ago compared to what others got 5 years previous to that, thank goodness we didn't hang onto any money in the UK as the rate we got in hindsight now was fantastic.

My parents moan about the exchange rate but what can you do, there will be a day when the $1 and pound will no doubt be worth the same....... now that will be an expensive holiday!!

I m a forex trader part time.my analysis point me to one thing aftergbp losing lot of value against all currencies there will be some bounce back but it won't be large due to the fact uk e anomy is now sluggish and interest rate gona be where they are now.so the exchange rate may not move much against aud.the reason is Aussie can't keep going up there need to be major correction but his alone will not bring it down.so we all have to watch a few more headlines
1. Euro zone troubles if Spain is sucked in then the eur gbp cross will boost gbp
2. Australian unemployment numbers and interest rates
3.uk interest rate
4.us dollar how much fed gona do the printing press on
These will play out the gbp aus rates depends on news as there are so many uncertain and on the market.if you guys really wondering to park money in aud it's not good as virtually most countries are racing to bottom to gain exports.if you looking for parking money commodities or shares in those companies deal with commodities will get a decent inflation protected return

Parking pounds in the UK waiting for an improvement is a good thing if you can - just remember the Aussie Tax Office will want to get its mits on any gain made from point of tax recidency to point of moving money. It's called currency trading. Any movement of money above $10000 will attract attention from the tax office.

http://britishexpats.com/forum/showt...35#post8332235