Pound vs A$
#1
PeterC
Thread Starter
Joined: Jan 2005
Location: Samford, Qld
Posts: 18
Pound vs A$
Any of you guy's got your ear to the ground as to the short term outlook (say over the next 2 to 3 months) over what the pound will do against the dollar. Hopefully it will strengthen back to something better. Got GBP250k to change...!!
#2
Forum Regular
Joined: Apr 2005
Posts: 59
Re: Pound vs A$
Originally Posted by PeterC
Any of you guy's got your ear to the ground as to the short term outlook (say over the next 2 to 3 months) over what the pound will do against the dollar. Hopefully it will strengthen back to something better. Got GBP250k to change...!!
#3
PeterC
Thread Starter
Joined: Jan 2005
Location: Samford, Qld
Posts: 18
Re: Pound vs A$
Originally Posted by Derek Clarke
Not to sure if it will go up or down, but you can get a difference of at least 0.1 depending who you change it with. also remember you will get a better interest rate if you Have the money in oz rather than in the UK.
#4
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Joined: May 2005
Location: Bunbury WA
Posts: 1,844
Re: Pound vs A$
Originally Posted by Derek Clarke
Not to sure if it will go up or down, but you can get a difference of at least 0.1 depending who you change it with. also remember you will get a better interest rate if you Have the money in oz rather than in the UK.
#5
Re: Pound vs A$
Yes a 2 or 3 month outlook would be good, even if its not guaranteed. We anticipate a house sale in that time.
#6
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Re: Pound vs A$
Isn't it impossible to acurately predict what will happen in 2-3 months?
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#7
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Re: Pound vs A$
Originally Posted by SuperSeagulls
Isn't it impossible to acurately predict what will happen in 2-3 months?
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#8
Re: Pound vs A$
Originally Posted by PeterC
Any of you guy's got your ear to the ground as to the short term outlook (say over the next 2 to 3 months) over what the pound will do against the dollar. Hopefully it will strengthen back to something better. Got GBP250k to change...!!
#9
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Joined: Jan 2004
Posts: 1,818
Re: Pound vs A$
Yep, interest rates can and do affect it for sure - but then all you need is a terrorist atack in Oz or the Uk for the rate to change dramatically - that's why predictions are difficult. Oh, and things like hurricanes hitting oil platforms. I get the Moneycorp update daily which is very thorough.
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#10
Account Closed
Joined: Jan 2003
Posts: 759
Re: Pound vs A$
Originally Posted by SuperSeagulls
Yep, interest rates can and do affect it for sure - but then all you need is a terrorist atack in Oz or the Uk for the rate to change dramatically - that's why predictions are difficult. Oh, and things like hurricanes hitting oil platforms. I get the Moneycorp update daily which is very thorough.
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We're heading out in January and want to buy a house as soon as we can - we don't really have the luxury of hanging around waiting for the rates to improve. We're hoping that by buying $ in tranches we'll spread the risk - I'm naturally very risk averse so would rather know that we've got some $ already bought at a certain rate.....
#11
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Joined: Dec 2003
Location: Adelaide - South Australia
Posts: 1,820
Re: Pound vs A$
Originally Posted by SuperSeagulls
Yep, interest rates can and do affect it for sure - but then all you need is a terrorist atack in Oz or the Uk for the rate to change dramatically - that's why predictions are difficult. Oh, and things like hurricanes hitting oil platforms. I get the Moneycorp update daily which is very thorough.
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PS : OzForex beat HIFX & Currency Solutions the other day by almost 2c. Money in my account next day!