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Re: Exchange rate
Originally Posted by manningl
(Post 6384426)
I agree:thumbsup: from what I have read from Chris's posts he's a top man and he's from Essex;) - so all the non believers read something else nobody is forcing you to take what he says on board
Bazzz always seems to be winding somebody up but I do find him funny most of the time...:rofl: 'the big nowhere' does that mean you're a full time trader or you just managed to make some money luckily? do you have a Job? Everyone loses when trading its part of the game but it doesn't necessarily make you a bad trader. Sometimes good trades lose... Keep up the good work Chris I for one appreciate your efforts:thumbsup::thumbsup::thumbup: |
Re: Exchange rate
Originally Posted by G586
(Post 6384466)
That was then, this is now and people are looking for an idea of what to do.
You're already in Oz, whose currency has also strengthened over the last few years (so you were indeed lucky), so this doesn't really concern you whereas Chris is both moving his house money across and trading for a living. A whole different ballgame. I'm sure if he was advising you on how to evade Oz stamp duty, then you would be hanging on his every word.....:thumbup: |
Re: Exchange rate
Whats going on! 1.94 to the £! Should I hold tight until I need to change up (moving in November) or cut my loss and take a 1.97 futures deal for November? Advice appreciated.
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Re: Exchange rate
Hi there
I've just sold my house about 6 months quicker than expected so I'm in need of some pretty quick help & advice! I know I should be celebrating but I haven't got time! I live in France so will have over 100k euros by the end of August. I also have about 30k in UK. Is it better to xchange form euros to $ or first to £'s. May seem stupid question but I haven't a clue if there is an advantage to either. regards Lynpy |
Re: Exchange rate
Originally Posted by lynpy
(Post 6413485)
Hi there
I've just sold my house about 6 months quicker than expected so I'm in need of some pretty quick help & advice! I know I should be celebrating but I haven't got time! I live in France so will have over 100k euros by the end of August. I also have about 30k in UK. Is it better to xchange form euros to $ or first to £'s. May seem stupid question but I haven't a clue if there is an advantage to either. regards Lynpy |
Re: Exchange rate
Originally Posted by Surrey Expat
(Post 6413668)
It is not going to make a whole lot of difference going through £ as you are affected by buy and sell rates and the two are pretty closely tied. Easiest to use an FX house to do the transaction, like any currency exchange there is always the gamble element regardless if what advice you get.
I wont worry myself over it - just the rate:( |
Re: Exchange rate
Originally Posted by lynpy
(Post 6413682)
Thanks for confirming that
I wont worry myself over it - just the rate:( |
Re: Exchange rate
Come on girl!!! Bash through that 2.00 barrier and I think it will be up and away:D
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Re: Exchange rate
I wonder if it is because it looks unlikely that BOE will be reducing rates in the next few months, that has prompted the rise.
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Re: Exchange rate
Originally Posted by mclauchlan35
(Post 6441336)
I wonder if it is because it looks unlikely that BOE will be reducing rates in the next few months, that has prompted the rise.
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Re: Exchange rate
Terrible, one of the reasons inflation is so high is because items like fuel and food are so much more expensive, maybe if they reduced the duty on fuel that would bring down inflation.
Reports also said that the rise in inflation may be temporary and that rates should not be raised when this is the case. The problem is when inflation reduces and they decide to reduce the rates it may be too late to help people who are struggling.:curse: Although according to Mr Darling the extra revenue is needed to help fill the void that is being left due to the decrease of stamp duty caused by the slump in the housing market. Funny how he never mentions the war in Iraq. |
Re: Exchange rate
Originally Posted by mclauchlan35
(Post 6441336)
I wonder if it is because it looks unlikely that BOE will be reducing rates in the next few months, that has prompted the rise.
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Re: Exchange rate
It's through.... 2.0069.... even though gold and oil are shooting up:blink:
No rhyme nor reason.....:confused: |
Re: Exchange rate
US unemployment numbers came out at 1.30pm London Time, they were horrible unemployment rate jumped from 5.1% to 5.5% biggest one month rise since 1986. Whats bad for the US is seen as bad for Canada hence the weakness in CAD$ today.
Add to that the European Central Bank said yesterday they will probably raise rates next month that is making people jump off the BOE rate cut bandwagon. Chris |
Re: Exchange rate
Sorry to be smug, but I needed to transfer Canadian dollars to UK pounds to cover my mortgage in the UK and managed to get the transfer through just before the rate bounced up again :thumbsup:
I am however genuinely hoping that the rate does turn significantly for all of you guys looking to come over here, plummeting house prices combined with a low rate must be hell. I'm hoping that our plan of keeping our UK property for the long term will pay off and that we will eventually see it return to the value it had a year ago, but I'm suspecting that we may have missed that opportunity. :( |
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