EXCHANGE RATE!!!
Mar 2nd 2010, 3:19 pm
#31
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Joined: Mar 2005
Posts: 613
Re: EXCHANGE RATE!!!
If Brown gets in again it will be the death knell for the pound. However, if the Tories get a good majority then it may have a bounce back for a short while. But, it's still a waiting game. If the pound is finished then it will inevitably have an effect elsewhere.
Mar 2nd 2010, 4:25 pm
#32
Life is what YOU make it.
Joined: Oct 2009
Location: Christchurch
Posts: 3,312
Re: EXCHANGE RATE!!!
Mar 2nd 2010, 9:16 pm
#33
Lord of The Pies
Joined: Mar 2009
Location: UK - currently!
Posts: 206
Re: EXCHANGE RATE!!!
Don't think the pound will gain particularly from anything it does, but given the state of the Euro-zone and the fairly universally accepted fact that the Kiwi $ is over valued then once the election is cleared then the stable political outlook (barring hung parliament and uncovering more of GB's bungling in the treasury) will give the UK a bit of a base to build from; or at least not sink any lower while the rest continue to drop.
Have to admit, I disagree with Stormer999 on the reasons for GB leading. I think the financial sector prefer GB as despite all his words, the actions - in particular ones that would be punitive to the big money men - have been pretty flimsy in the least. Of course, we may easily both be wrong - such is the joy of politics....
Anyone got any tips for the Grand National this year?
Have to admit, I disagree with Stormer999 on the reasons for GB leading. I think the financial sector prefer GB as despite all his words, the actions - in particular ones that would be punitive to the big money men - have been pretty flimsy in the least. Of course, we may easily both be wrong - such is the joy of politics....
Anyone got any tips for the Grand National this year?
Mar 3rd 2010, 2:52 am
#34
Danni
Joined: Jan 2009
Location: Christchurch
Posts: 85
Re: EXCHANGE RATE!!!
Know how you feel. Whilst I am here and am grateful to be here financial things have been rotten for us. We lost just under $100k in the finance house melt down and we have always been unlucky with currency trading. We buy large then it goes against us in a BIG way just months later. I know its onlt money but time is running out for me at 51 to get my funds right for my pension..they reckon there won't be one here in 15 years odd. Fortunately Kate's dad saved us from utter ruin with a living will ...alas the money is still in the Uk as we like you hoped it would pick up. Don't know what to do now. Last expert told be to buy at $2.50 as it was heading south of that..2 weeks later it was $2.64 and we bought..within months it was $3
. The great white hope is that the kiwi $ which is hugely overvalued (total reverse to the GBP) will devalue giving the GBP a bounce back..that and a little bouying from a good election result are our only hopes..or does anyone know any different??
. The great white hope is that the kiwi $ which is hugely overvalued (total reverse to the GBP) will devalue giving the GBP a bounce back..that and a little bouying from a good election result are our only hopes..or does anyone know any different??
Mar 3rd 2010, 4:53 am
#36
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Joined: Oct 2003
Posts: 38,612
Re: EXCHANGE RATE!!!
It's me that's probably putting the kiss of death on the thing. I've a small legacy coming
Mar 3rd 2010, 9:13 am
#37
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Mar 3rd 2010, 11:12 am
#39
Life is what YOU make it.
Joined: Oct 2009
Location: Christchurch
Posts: 3,312
Re: EXCHANGE RATE!!!
Any correct predictions of the exchange rate between $NZ and £GB between now and August 2011 will be greatly appreciated......
Mar 3rd 2010, 11:14 am
#40
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Mar 3rd 2010, 1:43 pm
#41
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Joined: Mar 2005
Posts: 613
Re: EXCHANGE RATE!!!
Yep, and I'll stand by mine too. GB will have to eventually face up to the fact that the economy is bad. Therefore, either way, cuts will come. Also, the kiwi dollar is vastly over-valued and will eventually go down. I've seen these changes before and they will happen again. The pound, like the US dollar, will eventually improve. It's the euro that's going to cause problems in the future, and isn't the euro and the NZ dollar tied up somehow?
Mar 3rd 2010, 8:00 pm
#42
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Joined: Oct 2003
Posts: 38,612
Re: EXCHANGE RATE!!!
How long is eventually?
Can it just get sorted by the end of April ?
Can it just get sorted by the end of April ?
Mar 3rd 2010, 8:41 pm
#43
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Joined: Mar 2008
Location: Rolleston
Posts: 734
Re: EXCHANGE RATE!!!
I gave up waiting and just transferred my pension over, think i managed to get it at 0.44 so not all bad.
And I was complaining a couple of years back when we first arrived that it was at 0.38
I dont see a massive drop in the Kiwi against the major currencies, but fingers crossed for the people who are either on their way over or are looking to bring funds over
And I was complaining a couple of years back when we first arrived that it was at 0.38
I dont see a massive drop in the Kiwi against the major currencies, but fingers crossed for the people who are either on their way over or are looking to bring funds over
