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Found 26 results

  1. Sheena from Moneycorp

    GBP and AUD Update

    The pound Australian Dollar (GBP/AUD) exchange rates rose today, due to opinion polls suggestion of a Conservative victory on the 12th December general election. The polls showed that the Tories were ahead of the Labour party in a 14 percentage point lead, ensuring a high probability that the Conservatives will win a majority this week. With markets preferring a Conservative victory, due to their promises to resolve Brexit uncertainty and engender enterprise - friendly policies, this has provided some uplift for the Pound today. However markets remain cautious over the remaining possibility of a hung parliament this week, with the opinion polls resulted being treated with a degree of scepticism. The Australian Dollar (AUD) struggled today after Chinese exports fell for their fourth consecutive month as US-China trade uncertainties weigh on China’s economy. China is clearly not immune to either the U.S. trade tariffs, or the lingering slowdown in the broader global economy. Tomorrow will also see the release of the industrial and manufacturing production figure for October, with any indications of improvement likely buoying market confidence in the British economy and boosting the Pound. UK political developments will remain in focus ahead of Thursday’s general election this week, with any signs of the Labour Party rising likely weakening the Pound on heightened political volatility.
  2. Sheena from Moneycorp

    GBP and AUD Update

    The Pound-to-Australian Dollar exchange rate has on Thursday, December 05. hit a fresh 3-year high at 1.9214, amidst an ongoing rally in Sterling and softness in the Aussie Dollar. And, one investment bank we follow says AUD will likely continue to struggle through the course of 2020. GBP/AUD has been moving higher since late-July in a steady uptrend, built on expectations that Brexit is heading towards a conclusion. The latest chapter in this story is an expectation that the Conservatives of Boris Johnson will win the December 12. election and swiftly deliver Brexit in early 2020. However, the gains in GBP/AUD coincide with a softening in the Australian Dollar, which took a hit this week after Australia reported weaker than expected quarterly growth for the third quarter of 2019 * Time to move your money* - get industry leading exchange rates with a quick, easy and efficient service by using moneycorp foreign exchange!
  3. Sheena from Moneycorp

    GBP and AUD Update

    Despite trending lower for most of this week, and briefly seeing a slump yesterday, the British Pound to Australian Dollar (GBP/AUD) exchange rate has rebounded from its lows today and ultimately hasn’t seen huge losses this week after all. Demand for the Pound has been limited amid political uncertainty, but the Australian Dollar has seen big shifts in movement this week which have driven exchange rate movement. After opening this week at the level of 1.8710, GBP/AUD has spent the week trending with a downside bias due as the Australian Dollar capitalised on mixed Pound movement. GBP/AUD was almost on track to have lost around a cent and a half as it touched on a three week low of 1.8550 overnight, but after hitting those lows the pair has been recovering. While GBP/AUD continues to trend below the week’s opening levels, it has recovered most of its losses amid fresh Australian Dollar weakness, and at the time of writing was trending closer to the level of 1.8673. The Pound has seen mixed performance all week, and has lacked fresh support as investors focus on Britain’s 2019 General Election race. The election, still over a month away, is expected to see a win for the ruling Conservative Party which is being perceived as boosting the chances of a relatively soft Brexit. However, uncertainty about the possibility of other election outcomes is weighing on the British currency, preventing it from continuing to climb on softer Brexit hopes. On top of this, the Bank of England (BoE) surprised investors yesterday as policymakers were unexpectedly split on UK monetary policy.
  4. Sheena from Moneycorp

    AUD and GBP

    The Pound jumped by a percent against the Australian Dollar Tuesday after the Reserve Bank of Australia (RBA) cut its interest rate to a new record low and hinted strongly of more cuts to come, which some analysts say now risks pushing the antipodean currency to its lowest level for more than a decade. Australia's central bank cut the cash rate to an all-time low of 0.75% Tuesday, in line with the market consensus, citing a continued weakening of the global economy and concerns about the outlook for jobs down under as risks to its inflation target. The RBA said the economy needs a lower rate of unemployment if it is to see the wage pressures that would enable the bank to meet its inflation target, but warned that jobs growth is likely to slow even further in Australia up ahead, even though unemployment has recently risen Changes in rates are normally only made in response to movements in inflation, which is sensitive to GDP growth, but impact currencies because capital flows tend to move in the direction of the most advantageous or improving returns. Those flows tend to move in the direction of the most advantageous or improving returns, with a threat of lower rates normally seeing investors driven out of and deterred away from a currency.
  5. Anthony from Moneycorp

    GBP and AUD update

    The pound to Australian dollar exchange rate has come under added pressure following new Brexit developments, which are once again starting to impact on sterling exchange rates. Rates for GBP vs AUD had rallied higher since last Friday when US President Donald Trump delivered on his promise to impose additional tariffs on Chinese good coming into the US. The uncertainty has continued after China then imposed 60 billion worth of tariffs on US exports escalating the trade war further. Overnight has seen the rift widen after China has reportedly said that they may not continue with these trade negotiations unless the US shows “sincerity”. Any developments in this spat are likely to see a reaction for the pound to Australian dollar exchange rate. The Australian dollar also faces a further slide lower as the Reserve Bank of Australia (RBA) considers cutting interest rates. New Zealand have already cut interest rates this month signalling the mood in this part of the world for the commodity currencies. Concerns in the Australian economy and the recent weak retail sales data continue to point the RBA in the direction of cutting interest rates putting added pressure on the Australian dollar. In the UK the Brexit debate is heating up ahead of European elections to be held 23rd May. Major volatility for sterling exchange rates is expected around this time with many voters expected to leave the two main parties for the Liberal Democrats, Change UK and the newly formed Brexit Party. If there is a major shift towards the Brexit Party under Nigel Farage then this may be seen as a reaffirmation of the Leave vote and could help shape the direction of Brexit with a potentially cleaner Brexit to become possible, something that would be seen as negative for the sterling exchange rates. It should not be underestimated how much of a political stir these elections could cause which could see high currency volatility. The fourth and final vote on the existing withdrawal agreement will be held in the first week of June. This event will likely see major volatility for GBP to AUD rates. The Prime Minister is expected to lose this vote and her departure from office is to be expected shortly after this date with Conservative MPs already preparing for a quick leadership contest. A change of leader will almost certainly have a bearing on the direction of Brexit and hence the strength of the pound.
  6. Hi everyone, Looking for some advice/discussion... We are back in the uk and have a fair amount of aud to transfer back. We joined Moneycorp recently but are not sure when to do the transfer. The exchange rate is pretty rubbish compared to say early 2013... is there any chance of it returning to those levels or should we get out now? I've been reading a lot about the current climate and it seems like it's not so great at the moment, and there is a key RBA (?) meeting next week which could impact the value of the dollar. I'm not really that clued up on all this stuff, just wondering if anyone with more knowledge could give me their opinion? many thanks!
  7. I am currently living in Oz and plan to return to the U.K. in June 2012 I have put my Oz dollars in to Sterling and have it in an off shore account with Commonwealth Bank. Given the global banking problems, I asked the bank how safe was the money and basically ITS NOT !!!! APPEARS ITS ALL CARE NO RESPONSIBILITY Where can I put this money and know it wont dissapear/be frozen etc. Is my only option to but it back to Oz dollars with a government guarantee????:unsure::unsure::unsure:
  8. Are there any new immigrants to Australia, i am talking in the last few months currently living on pounds Sterling. I ask because i found it costly at 2 to 1, whereas currently at 1.5 to 1 and taking into consideration an increase in living costs since i last lived in Australia over two years ago. I am wondering how you are finding it, in terms of affordability...................
  9. Guest

    Sterling bank accounts

    Any one got a stirling bank account ??? If so who with, Is it worth it?
  10. I sure there are more than a few here who still have property and or savings in the UK and will be reluctant to move any of those assets across to Aus due to the current exchange rates. I was given some information lately that you can park your money in a sterling account and use the this cash to raise a mortgage here, has anyone used this option and what are the positives and pitfalls, the obvious advantage to me is not having to exchange the cash in the current enviroment.
  11. Hi there, We have an Ideal Family Caravan at a Bargain Price !!! for sale. It is a Jayco Sterling 5 berth caravan (2007), but was first registered in April 2008. It comes with the following: Annex Brand new unused awning Full bathroom with toilet and shower Washing machine Flat screen TV DVD/CD/MP3 player with speakers aircon and heating Dometic 3-way fridge Microwave Gas hotwater system Full stainless steel oven with one electric hob (the electric hob is a real bonus at caravan parks - it means you don't have to use your own gas) L-shaped dining room Queen size bed Triple bunks It comes with all hoses electric cables etc. Exterior 240V outlet A great family van. Absolute bargain and has all the creature comforts. We can email photos for those who are interested. It would be a great van for the big trip around OZ or just for holidays. We wish we could keep it, but can't. We paid nearly $60000 for the caravan and annex. We're selling them for $48000. Phone (07) 4045 3401.
  12. The News that it is a hung parliment is bad for the people who are waiting to hear if there on the new SMP's( If they ever now come). But there is now a flip side to this as now tommorow when the markets open the dollar will be marked down... untill a coalition is formed and some sort of unity is made.. my friend is trader in the mile and said on the phone earlier what i have just said. if you have then get your sterling ready to change in the coming days/weeks.. now is the time to buy AUS dollars and it was indicated to me that it could go to 1.87Aus/ 1GBP.. its got to be better than the crap rate we have had... The shoe is on the other foot now... more buck for your luck...:radar: cheers Nick..
  13. 1.72495 wow its out of the 1.6's. Wonder if it'll last or even (god forbid) get better?
  14. Guest

    Bloody Currency!

    Okay my visas in, the flights are booked, accommodation and hire car sorted the other end. Hell I've even got a job to go to! Problem is when to change the currency? My Moneycorp account has been set up a while now, waiting for a never coming rise in sterling. I'm going to be watching tomorrow unfold with some Interest as i suspect the currency will be all over the place. Clear winner and we might see a rise, hung parliament and it might even go down further! It will probably swing from one to the other throughout the day as the exit polls are read out. What is everyone else up to? waiting?, buying now?, even delaying your move? Andy
  15. Given all the noise made by the markets over the past few months about the UK needing to show it is serious about cutting the deficit, do people think that today's announcements - list of cuts next week and emergency budget on 22nd June - will eventually improve sterling's exchange rate? It seems to me that it should do, but I'm no expert in these things so wondering what others think?? It would certainly be perfect timing for us if the rate started improving at end of June following the main budget, but I guess these things will take time to work through the system - and I suppose there are still the issues with the euro. Though on the point of the euro, it seems that it is the trouble with the euro that is about the only thing keeping the pound at a (cough) reasonable level against the Aussie dollar at the moment. Seemingly, investors leave risky currencies and apparently the Aussie dollar is in this group.
  16. We are just about to recieve the Contributary Parent Visa 143 (permanent) We are retired (ish) We need to move our money to Oz over the next few months/years. From a tax point of view when is the most efficient time of year to shift money down to Oz? Cheers, Ron
  17. hello I will be migrating to Oz in November on a temporary 'Partner' visa. I've got a decent amount of cash to move into the country, and am obviously concerned about the demise of the value of my Sterling. After sniffing around on these forums, I am aware that, depending on visa type held, one may have to pay tax on any gains made from currency movements, from the day of entry into Australia. I.e., if I leave my cash in the UK hoping for Sterling to strengthen, once I've moved, the Oz government may tax any currency gains made. Considering that my visa type is temporary (first stage partner visa), would I still be liable for the gains described above, from the day that I enter Australia? Even if I'm not working for the first month or two? Or am I only liable from the day that I receive my 'full' partner visa? Any recommended loop-holes to avoid taxes here? Please only respond if you are genuinely in-tune with the current laws. Thanks! :biggrin: Your help much appreciated! Nick
  18. Just heard on the news that the UK is finally officially out of recession, does this mean that sterling will get stronger? Thanks
  19. Currency Online – Moving Money Made Easy Hello all, Another good week for the Pound against the Australian dollar. Appreciating 7 pence last week, the GBP/AUD cross has the possibility of continuing the trend this week. Investors late last Friday got the jitters and dumped the ‘risk sensitive’ currencies in favour of the perceived safe haven US dollar as consumer sentiment was down in the US and another 9 banks were forced to close their doors. Both the Australian dollar and the Pound got sold, but the Aussie dollar was hit hardest, and thus the reason the GBP/AUD has improved. Markets very nervous at the moment and until such time as we see some positive sentiment and with it some stabilisation, the Aussie dollar will continue to feel the pressure. As for this week, the Reserve Bank of Australia announce their official lending rate tomorrow. A rate hike of at least 25 basis points is expected and has been factored into the current exchange rate. Who knows – maybe they’ll use the cover of the Melbourne Cup to spring a 50 basis point rate rise on the market, as they are certainly concerned about inflation…. If the forecasted rate hike does not happen, expect the Australian to lose further ground and the UK pound to appreciate further against it. GBP/AUD High’s & Low’s (Bid) of last week; High: 1.8290 Low: 1.7690 GBP/AUD Expected Range for the Week: High: 1.8450 Low: 1.7950 Click here to view GBP/AUD charts Talk to your currency provider about placing an order in the market to take advantage of positive market movements. Kind regards, Jon Speedy Currency Online – Moving Money Made Easy
  20. Guest

    how much sterling can we take

    We are actually leaving for Oz on Tues, does anyone know how much money we can carry with us on the plane? we understand that we can take up to 10,000 AUD or the equivalent each but does this includes children as well? can we just take sterling to change up in Oz as uk exchange rate is not so good. Has anyone done this? Thanks for any advice:confused:
  21. Guest

    GBP/AUD - The Week Ahead

    Currency Online – Moving Money Made Easy Hello all, Against all predictions, there was a bit of respite for the beleaguered UK pound. Financial markets are always nervous. The recent trend has been to sell the safe haven currencies in favour of the likes of the higher yielding currencies such as the Australian dollar. The result of this sort of trend is the Australian dollar appreciates and generally the currency crosses such as the GBP/AUD get worse for those looking to repatriate funds from the UK into Australian dollars. However - some fairly shabby data out last week gave the currency and equity markets the jitters globally and the question was asked; “ how long is it really going to take to get out of this recession? “ The answers were not as clear-cut as they were a few weeks ago and the demand for the Australian currency lagged. As with last week, there is a heap of economic data due out this week (Bank of England rate announcement – expected on hold) and with it comes a good chance markets may feel the pinch of some fairly nervous investors. This being the case, I would expect the GBP/AUD cross to remain at around these levels or even improve slightly. GBP/AUD High’s & Low’s (Bid) of last week; High: 1.8390 Low: 1.8170 GBP/AUD Expected Range for the Week: High: 1.8550 Low: 1.8100 Click here to view GBP/AUD charts Kind regards, Jon Speedy Currency Online – Moving Money Made Easy
  22. pez2008

    £ Sterling in OZ

    Hi. Just wondered what sort of exchange rate i would get in Oz. The reason i ask is that when i went on holiday to Egypt this year the banks there offered a better exchange rate than here. Im not talking about mega money about £4000.
  23. Guest

    GBP/AUD - The Week Ahead

    Currency Online– Moving Money Made Easy GBP/AUD - The Week Ahead Hi all, The UK pound made a slight recovery against the Australian dollar last week. Both currencies appreciated against the weakening US dollar last week. The GBP gained ground at a greater pace than the AUD and thus the reason for the slight improvement in the UK pound against the Australian dollar. What will be of interest this week is the UK unemployment number due out Thursday and the UK retail sales figure due out the following day. Both these numbers will have to come out on the positive side if we are expected to see the UK pound continue to claw back ground. Overall though, it is what it is, and as mentioned last week, there is a greater likelihood the Australian economy has a lot more going for it than the UK economy at the moment. The potential for a quicker economic recovery downunder and the ability to unleash all those minerals when China gives the nod, still gives good support for the Aussie dollar. GBP/AUD High’s & Low’s (Bid) of last week; High: 1.9328 Low: 1.9138 GBP/AUD Expected Range for the Week: High: 1.9350 Low: 1.9100 Talk to your currency provider about how to best manage your currency needs. Kind regards, Jon Speedy Currency Online– Moving Money Made Easy
  24. Hi all, Firstly, thank you for reading and any help or advice would be gratefully appreciated. We are moving to perth this saturday and land early hours of australia day. We have opened a westpac bank account and will pop in to 'show our faces' on the tuesday and get the account up and running. Our dilema is that our parents are wanting to give us cheques to take with us for deposit on long term rental etc, but when we have looked on westpac website it quotes it can take between 6 - 8 weeks to clear a british cheque !!!!!!!!! And can take upto a week to transfer cash !!!!!!!! I was wondering if anyone has been in a similar situation and is there any other way of quickly transfering cash or cheques. I have also spoken to Natwest in the UK regarding my wages being payed into my current account in the UK, how do i get it out once in oz. They didnt know, and sugested visiting an atm once in oz and drawing my dailey limit over a period of days. Surely this way will cost ME money i.e. crap exchange rate at ATM plus charges for using a different bank. Seems like madness but i am only the thicket that earns it lol Cheers Paul:frown:
  25. The pound is making a rally against the Aussie dollar. Good news for anyone transfering money. LATEST 2.099. GO ON THE POUND!!:jiggy: