paulhug Posted June 5, 2012 Share Posted June 5, 2012 Can someone please explain to me why the pound is plummeting when interest rates have been cut Link to comment Share on other sites More sharing options...
fleabo Posted June 5, 2012 Share Posted June 5, 2012 It's a holiday in Englerand today, isn't it? Link to comment Share on other sites More sharing options...
paisleylass Posted June 5, 2012 Share Posted June 5, 2012 I see very little change since I sent money back to the UK next week?! Link to comment Share on other sites More sharing options...
paulhug Posted June 5, 2012 Author Share Posted June 5, 2012 Last week the exchange rate was around 1.6 to the pound, the £ has been falling slowly, even with all the bad news on the economy here and in china but after the RBA rate drop today it started dropping quite fast and is around 1.57 now. Things seem to be going in reverse, bad news from Oz strengthening the dollar!!!! It baffles me!! Link to comment Share on other sites More sharing options...
fleabo Posted June 5, 2012 Share Posted June 5, 2012 The AUD might be strengthening against the frail British pound, but it is falling against the dollar. Link to comment Share on other sites More sharing options...
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