GBP on the rise

Old Oct 17th 2019, 10:22 pm
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Default GBP on the rise

Things are looking good for those coming over soon who are able to change some money.
A 10c rise in 10 days. Didnt think we'd see $2.00+ again for a long time.
It looks like Boris's deal will get the boot on Saturday which could trigger a fall....who knows ??


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Old Oct 17th 2019, 10:42 pm
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Default Re: GBP on the rise

Originally Posted by Justcol View Post
Things are looking good for those coming over soon who are able to change some money.
A 10c rise in 10 days. Didnt think we'd see $2.00+ again for a long time.
It looks like Boris's deal will get the boot on Saturday which could trigger a fall....who knows ??

I know Col. I have been watching a little bit.
I think we may move some GBP over. It isn't much . It is really emergency fund money from when both our parents were still with us and the like.
It might now be better here and perhaps earning in a credit union or summat.
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Old Oct 22nd 2019, 2:59 am
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Default Re: GBP on the rise

I moved money last week. Used a company called XE Money Transfer, previously called HiFX. Very good and fast. Transferred money was in NZ account within four days.
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Old Oct 26th 2019, 11:20 am
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Default Re: GBP on the rise

Is this the NZD weakening?
UKP doesn't seem strong against USD and Euro.
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Old Oct 26th 2019, 10:54 pm
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Default Re: GBP on the rise

Originally Posted by LittleGreyCat View Post
Is this the NZD weakening?
UKP doesn't seem strong against USD and Euro.
At the same time, the £ gained 5 cents on the USD and Euro almost overnight.
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Old Oct 27th 2019, 8:48 am
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Default Re: GBP on the rise

That's almost certainly due to the current failure of Johnson to get Brexit done, it may/will change in a few months.
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Old Oct 27th 2019, 11:56 am
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Default Re: GBP on the rise

Originally Posted by mikelincs View Post
That's almost certainly due to the current failure of Johnson to get Brexit done, it may/will change in a few months.
No, it was BECAUSE the UK and EU agreed on a deal. The pound strengthened almost immediately when the news broke
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Old Oct 27th 2019, 12:15 pm
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Default Re: GBP on the rise

Originally Posted by Justcol View Post
No, it was BECAUSE the UK and EU agreed on a deal. The pound strengthened almost immediately when the news broke
I supect that unless he DOES get the deal through Parliament it may well fall again until something is sorted out, either he removes the 'No Deal' off the table or a General Election is called. Even then it will continue to be volatile until there is a government with a majority.
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Old Oct 31st 2019, 3:47 pm
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Default Re: GBP on the rise

Originally Posted by LittleGreyCat View Post
Is this the NZD weakening?
UKP doesn't seem strong against USD and Euro.
Just remembered to check.
If you look at USD vs NZD over the last 2 years you can see that the NZD has been very slowly falling.
I assume due to a less positive economic outlook and talk about reducing interest rates (which tends to depress the currency).
So I think that the UKP gaining a little may not be the main factor.
Looking at USD UKP over last 2 years the UKP has also been falling against the USD with a recent uptick.
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Old Nov 16th 2019, 9:32 pm
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Default Re: GBP on the rise

I need to move funds from NZ to the UK to help family. Not a small amount. Should I be doing this pre-UK-election?
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Old Nov 18th 2019, 10:20 am
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Default Re: GBP on the rise

Originally Posted by escapingtheodore View Post
I need to move funds from NZ to the UK to help family. Not a small amount. Should I be doing this pre-UK-election?
If we could answer that we'd all be getting ready to be millionaires
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