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  1. Guest

    2.09 to 1.86 since July 10th

    An 11% drop in the value of GBP v AUD in this period. In 12 months its gone from 2.59 to 1.89 = 28% drop So in other words if you had £100k of equity to take in Sept 08 you can now only take £72k and even if you had this much in July 09 you can now only take £89k. This makes things like buying a car etc. that much more expensive. I was with a mate in the Police force last week and he said he has had several coppers decide against moving to Australia now the exchange rate has gone so badly against them. I'm now seriously questioning the ability/viability of moving to Oz for financial reasons. As I have PR etc and my kids have Aussie passports I can go whenever I want. I have been offered a great job etc. but the currency situation is just stunning. The pound has depreciated against the AUD worse than any other currency from what I can see. Of course I know it will rebound at some point but that doesn't help people moving now or planning to move now. Anyone having second thoughts? I don't mind admitting that I am as I say. Maybe Aldo is right, Spain is the place to be :-)
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