This is what I am hearing - Milliband is becoming more electable by the day. How much does it cost you to change currencies ? How much change do you need to make money? To me the pound is hovering around its historical average maybe a little low ie a few pence, relative to the dollar.
Labour have lost too many seats in Scotland to win outright and the Tories and Lib dems will form another coalition.
It costs less than 0.5% so any movement greater than that makes a profit. Plus there is no time limit. I can wait six months for the rate to go in my favour before selling. It is not a leveraged trade so there is practically zero risk to me.
skamy
7 May 2015, 11:35 AM
Sales up in Perth this week and rental leases are flying with 1200 new leases last week, what do you think will happen when the Perth market shows some recovery?
Sales listings are up by over 600 in four weeks and rental listings are up by 400 in four weeks.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
No it isn't. The 20 year historical average is around $2.50 / GBP. You sound like you are trying to convince yourself of something.
Skamy will jump into any thread to spruik Perth property, even if she knows nothing about the thread subject.
The recent strength of the AUD versus the GBP has been mainly down to the interest rate difference and the resources boom. Prior to the GFC, the Pound would buy you around $2.50 to $3.00.
I doubt we will see that again for a while, but $2.00 to $2.20 seems pretty reasonable considering the RBA loosening and the headwinds facing the Aussie economy.
"In the month up to the last election in 2010 the pound fell from $1.5335 to a low of $1.47 on election day itself, falling further below $1.45 the following day when the reality of a hung parliament hit home"
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
I have been over and back to the UK for the last 25 years so I know that the pound has rarely been at or above $2.50.
In only 6 of the last 25 years has the pound gone above $2.50 and then not by much . Most of the time it hovers about $2.0
The Australian dollar is also different currency these days so it is highly unlikely IMHO that we will see the high exchange rates of the early 2000s. The AUD is now a reserve currency - I cannot see the pound gaining significantly - the UK economy is still not that strong, plus the interest rates there are only 0.5% compared to ours at 2%.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
I have been over and back to the UK for the last 25 years so I know that the pound has rarely been at or above $2.50.
In only 6 of the last 25 years has the pound gone above $2.50 and then not by much . Most of the time it hovers about $2.0
The Australian dollar is also different currency these days so it is highly unlikely IMHO that we will see the high exchange rates of the early 2000s. The AUD is now a reserve currency - I cannot see the pound gaining significantly - the UK economy is still not that strong, plus the interest rates there are only 0.5% compared to ours at 2%.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
It costs less than 0.5% so any movement greater than that makes a profit. Plus there is no time limit. I can wait six months for the rate to go in my favour before selling. It is not a leveraged trade so there is practically zero risk to me.
I'm interested in knowing where you obtain a retail spread (not interbank or spreads offered to large corporate, institutional and government clients) of <0.5% on buying and then selling GB pounds.
Why is everyone here quoting the GBP/AUD rate like they are British?
Does it make a difference how you quote a cross rate?
Strindberg
7 May 2015, 08:10 PM
I'm interested in knowing where you obtain a retail spread (not interbank or spreads offered to large corporate, institutional and government clients) of <0.5% on buying and then selling GB pounds.
Covered it already. Any of the Forex companies will give you a decent rate if you are moving a large enough sum (over 100k). Plus you can haggle.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
But you said that the rate was at its average today? You are 30 cents out and Hoofarted was 20 cents out. So you are more wrong.
May 1st 2006. $3.0054
For one day lol
Not one annual rate reached $3 - you are off on a fantasy. You have missed the boat Jimbo the pound has almost returned to its long term levels. How could it possibly go to its highest historical value when the interest rate for pounds is 1/4 of that for AUD. I think you are mad on this one.
The average value over a decade is $1.95 and my point was absolutely correct that the pound was already hovering near its historical value and it had left the low rates of the GFC already.
Hoofarted tried to bullshit you- telling you the historical value was $2.5 over 20 years. Why do you listen to dishonest posters like that ?
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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