DivingMissDaisy Posted September 6, 2015 Share Posted September 6, 2015 Is there any insight into what the coming weeks hold? I have a lump sum to move and wondering if I should move now or later. Quote Link to comment Share on other sites More sharing options...
GoldcoastMAD Posted September 6, 2015 Share Posted September 6, 2015 Is there any insight into what the coming weeks hold? I have a lump sum to move and wondering if I should move now or later. Snap, i don't know if the rate will get much better than this.....its tempting Quote Link to comment Share on other sites More sharing options...
newjez Posted September 7, 2015 Share Posted September 7, 2015 Snap, i don't know if the rate will get much better than this.....its tempting Short term, it's a very volatile world. Best tossing a coin. Long term, until somthing changes the current trends, the pound will only get stronger. Can you set up an account and set a transfer to occur should a certain value be hit? Quote Link to comment Share on other sites More sharing options...
GoldcoastMAD Posted September 7, 2015 Share Posted September 7, 2015 Short term, it's a very volatile world. Best tossing a coin. Long term, until somthing changes the current trends, the pound will only get stronger. Can you set up an account and set a transfer to occur should a certain value be hit? I have an account ready and waiting. This time last year I thought if i could get a rate of 2.0 that would be very good, now I'm wondering if 2.3 is possible! Quote Link to comment Share on other sites More sharing options...
newjez Posted September 7, 2015 Share Posted September 7, 2015 I have an account ready and waiting. This time last year I thought if i could get a rate of 2.0 that would be very good, now I'm wondering if 2.3 is possible! My target is 2.6. I would be very surprised if I would get it before Xmas. But I'm hopeful for 2016. Quote Link to comment Share on other sites More sharing options...
GoldcoastMAD Posted September 8, 2015 Share Posted September 8, 2015 My target is 2.6. I would be very surprised if I would get it before Xmas. But I'm hopeful for 2016. 2.6 would be amazing....but can't see it happening. I'd be very happy with 2.3 Quote Link to comment Share on other sites More sharing options...
Guest Posted September 8, 2015 Share Posted September 8, 2015 yeah to think a couple of years back it was under 1.5 Quote Link to comment Share on other sites More sharing options...
Gough Whitlam Posted September 8, 2015 Share Posted September 8, 2015 Aussie dollar on a real "roll" at the moment. Quote Link to comment Share on other sites More sharing options...
newjez Posted September 8, 2015 Share Posted September 8, 2015 2.6 would be amazing....but can't see it happening. I'd be very happy with 2.3 2.6 is the point when moving back to Australia becomes a possibility. My lost life insurance will be offset by the power of my pounds. Obviously that does sway my optimism. And I'm certainly no financial expert. But would not be surprised if we see 2.6 breached in 2016. UK has yet to raise rates. US is about to raise rates. Australia is looking vulnerable because of south east Asia links. If I was a betting man... Quote Link to comment Share on other sites More sharing options...
Gough Whitlam Posted September 8, 2015 Share Posted September 8, 2015 I think you are absolutely right. "UK has yet to raise rates. US is about to raise rates. Australia is looking vulnerable because of south east Asia links" If Australian were to cut rates as well, which is a possibility if the economy continues to do badly, and if one other thing were to happen (!!) - perhaps a really negative global warming report - than I think you will get your wish. Quote Link to comment Share on other sites More sharing options...
Gough Whitlam Posted September 8, 2015 Share Posted September 8, 2015 Maybe the one other thing could be an early vote (March 2016) to stay in the European Union. Quote Link to comment Share on other sites More sharing options...
Guest xmas lights Posted September 9, 2015 Share Posted September 9, 2015 2.6 is the point when moving back to Australia becomes a possibility. My lost life insurance will be offset by the power of my pounds. Obviously that does sway my optimism. And I'm certainly no financial expert. But would not be surprised if we see 2.6 breached in 2016. UK has yet to raise rates. US is about to raise rates. Australia is looking vulnerable because of south east Asia links. If I was a betting man... 2.6 not a chance/prayer. The UK economy can only spin the plates for so long before things turn pear shaped. Quote Link to comment Share on other sites More sharing options...
Chortlepuss Posted September 9, 2015 Share Posted September 9, 2015 2.6 not a chance/prayer. The UK economy can only spin the plates for so long before things turn pear shaped. The gloves are off...... I suspect people coming over at 1.4 thought 2.2. was a bit of a fantasy too. Quote Link to comment Share on other sites More sharing options...
Pommie Posted September 9, 2015 Share Posted September 9, 2015 I don't think you will see 2.6 in the nest couple of years... I don't think the fundamentals support this.... you would need to UK economy to continue to prosper, interest rates to rise sooner rather than later and at the same time, AUS economy to further stall and interest rates to be cut.... Feel's a little too optimistic, as much as I would like it to happen Quote Link to comment Share on other sites More sharing options...
Guest51810 Posted September 9, 2015 Share Posted September 9, 2015 Thanks! I'm totally clueless with this stuff but I'll try put my sensible head on and stop being a bimbo about it :laugh: Quote Link to comment Share on other sites More sharing options...
Guest xmas lights Posted September 10, 2015 Share Posted September 10, 2015 The gloves are off...... I suspect people coming over at 1.4 thought 2.2. was a bit of a fantasy too. 1.4 was as daft as nearly 3. The only way 2.6 would happen would be for Oz to wake up and get involved in the currency war and really go for a de-valuation. Quote Link to comment Share on other sites More sharing options...
Gough Whitlam Posted September 10, 2015 Share Posted September 10, 2015 I think everything that you have described seems a possibility. Never say never. Quote Link to comment Share on other sites More sharing options...
Guest51810 Posted September 14, 2015 Share Posted September 14, 2015 Yeah I'm putting it into a account rather than carrying it around. I just wanted to do it all in one go right before I went rather than doing it in chunks but if it's starting to get stronger.. X Quote Link to comment Share on other sites More sharing options...
wirralrosie Posted September 16, 2015 Share Posted September 16, 2015 This is not what I want to hear.. It is what I want to hear, moving back to the UK and got savings to transfer! Quote Link to comment Share on other sites More sharing options...
Guest51810 Posted September 16, 2015 Share Posted September 16, 2015 Hmmm. I knew my smugness would bite me on the arse lol. I get paid next week so I might just get some dollars at that point Quote Link to comment Share on other sites More sharing options...
Guest xmas lights Posted September 17, 2015 Share Posted September 17, 2015 The US dollar is getting smacked tonight against the OZ dollar. No rate rise is U.S tonight may have implications on next RBA decision. Yanks bottled it in plain talk :-) Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted September 17, 2015 Share Posted September 17, 2015 The US dollar is getting smacked tonight against the OZ dollar. No rate rise is U.S tonight may have implications on next RBA decision. Yanks bottled it in plain talk :-) Instead of setting the policy the Fed decided to watch, wait and then follow. This will influence the BofE too when they review interest rates in the coing months. Near zero interest rates for 7 years has got to be a recipe for problems further down the line with zero encouragement for savers and encouraging excessive borrowing. Quote Link to comment Share on other sites More sharing options...
Guest xmas lights Posted September 17, 2015 Share Posted September 17, 2015 They just want to add the last bit of dynamite to the bomb that's all. Suspect Aus will lower by 0.25 in Nov now. Quote Link to comment Share on other sites More sharing options...
Cagsy Posted September 18, 2015 Share Posted September 18, 2015 Instead of setting the policy the Fed decided to watch, wait and then follow. This will influence the BofE too when they review interest rates in the coing months. Near zero interest rates for 7 years has got to be a recipe for problems further down the line with zero encouragement for savers and encouraging excessive borrowing. Sorry to sound like a muppet, but what does that mean please? I am still learning all about these things. Cheers Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted September 18, 2015 Share Posted September 18, 2015 Sorry to sound like a muppet, but what does that mean please? I am still learning all about these things. Cheers A higher rate of return is one factor (of many) that makes a currency more appealing. Higher interest rates in the UK should strengthen the GBP. Quote Link to comment Share on other sites More sharing options...
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