Pound = $ 1-64
Aug 8th 2011, 12:15 pm
#211
Banned
Joined: Aug 2008
Posts: 22,348
Re: Pound = $ 1-64
You must have the memory of an elephant! 
Aug 8th 2011, 12:37 pm
#212
_
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Re: Pound = $ 1-64
The IMF also indicated that Australia should reduce interest rates to counter a global downturn so investors have preempted this taking effect which has also hit the Aussie $. If it looks unlikely that the RBA will follow through with a rate decrease then the $ could well bounce back a bit.
Aug 8th 2011, 1:01 pm
#213
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Joined: Jul 2009
Location: Sydney
Posts: 313
Re: Pound = $ 1-64
Not really the pound that is strengthening at this point or seen as a safe haven - it's more the fact that the Aussie $ has weakened with the safer investments slightly not as "safe" as before.
The IMF also indicated that Australia should reduce interest rates to counter a global downturn so investors have preempted this taking effect which has also hit the Aussie $. If it looks unlikely that the RBA will follow through with a rate decrease then the $ could well bounce back a bit.
The IMF also indicated that Australia should reduce interest rates to counter a global downturn so investors have preempted this taking effect which has also hit the Aussie $. If it looks unlikely that the RBA will follow through with a rate decrease then the $ could well bounce back a bit.
Aug 8th 2011, 1:08 pm
#214
_
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Re: Pound = $ 1-64
I expect they are talking in terms of Europe with respect to being one of the few countries to get it's house in order ... and yes the pound would be a safer bet than the Euro.
Aug 8th 2011, 7:46 pm
#215
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Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: Pound = $ 1-64
I'm just glad I sold my shares and my AUD to buy gold. It's been a good week and with an asking price offer on my place from a cash buyer after only 4 days on the market I'm a happy very happy individual.
Aug 8th 2011, 9:49 pm
#216
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Aug 8th 2011, 9:51 pm
#217
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Joined: Jan 2009
Location: PK,WA
Posts: 315
Re: Pound = $ 1-64
Not really the pound that is strengthening at this point or seen as a safe haven - it's more the fact that the Aussie $ has weakened with the safer investments slightly not as "safe" as before.
The IMF also indicated that Australia should reduce interest rates to counter a global downturn so investors have preempted this taking effect which has also hit the Aussie $. If it looks unlikely that the RBA will follow through with a rate decrease then the $ could well bounce back a bit.
The IMF also indicated that Australia should reduce interest rates to counter a global downturn so investors have preempted this taking effect which has also hit the Aussie $. If it looks unlikely that the RBA will follow through with a rate decrease then the $ could well bounce back a bit.
Aug 8th 2011, 10:34 pm
#219
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Joined: Jan 2009
Location: PK,WA
Posts: 315
Re: Pound = $ 1-64
it's climbed to $1.607 to the £1 . it can anticipate a little more for me.
Aug 8th 2011, 11:03 pm
#220
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
Spiked from 2.1 to 2.6 in the space of just 6 weeks, then dropped back steadily to 2.1 over the following couple of months.
Does that mean it could be possible to see a rapid similar climb from 1.5 to 1.8 this time around ?
Whatever the case, it is fair to say we are sailing through another bout of unchartered waters at the moment.
So much depends here on the outcome of the Euro crisis.
If Italy/Spain lose the plot, only then will the real chaos unfold and who knows what will arise out of that carnage !!!
This whole situation is more interesting to watch and speculate on than any reality TV show currently on offer
Aug 8th 2011, 11:25 pm
#221
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Joined: Jul 2009
Location: Sydney
Posts: 313
Re: Pound = $ 1-64
The spike from 2.1 to 2.6 is exactly what I'm thinking of and back then it was banks that were under threat not countries. I think as long as central banks just keep trying to QE or borrow their way out of the crisis I think things will just get worse. Only when these countries have realistic plans to actually pay down the debt will things start to stabilise. At the moment it feels like they're just shifting the debt burden around.
Aug 8th 2011, 11:38 pm
#222
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Pound = $ 1-64
I dunno - Londonners riot for three days unabated and the biggest effect is their currency strengthens....
doesnt seem very fair to me.
Perhaps we need to kick off a bit here in Brisbane to keep the AU$ nice and strong?
doesnt seem very fair to me.
Perhaps we need to kick off a bit here in Brisbane to keep the AU$ nice and strong?
Aug 8th 2011, 11:42 pm
#223
Banned
Joined: Aug 2008
Posts: 22,348
Re: Pound = $ 1-64
Nearly 1.61
...1.65 by the end of today?
...1.65 by the end of today?
Aug 8th 2011, 11:49 pm
#224
Banned
Joined: Apr 2008
Posts: 592
Re: Pound = $ 1-64
$2.65 for my return in Oct 2012............yeeeee haaaaaaaaaaaa!
Yeah!!!!!! 