Johndoe Posted March 17, 2016 Share Posted March 17, 2016 My UK pension is taking a hit Quote Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted March 17, 2016 Share Posted March 17, 2016 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. DMD I hope you moved it some time ago. Mike Quote Link to comment Share on other sites More sharing options...
Guest Posted April 19, 2016 Share Posted April 19, 2016 1.83 Down down down down. Quote Link to comment Share on other sites More sharing options...
The Pommy Posted April 19, 2016 Share Posted April 19, 2016 Likely to go lower on Brexit, recover a little if we stay in the EU. Quote Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted April 20, 2016 Share Posted April 20, 2016 Shades of 2011 when it went down to $1.45 ish. Our 4 UK pensions are dropping fast. Two good things though, it should mean our UK trip should be a bit cheaper once we are there, and we won't be paying as much in tax at the end of the FY. Mike Quote Link to comment Share on other sites More sharing options...
Chortlepuss Posted April 20, 2016 Share Posted April 20, 2016 Will continue to go down until we sell out house in UK and move some money over. Sorry I can't be specific about timescale but can guarantee that will be bottom of the market! If brexit then we're seriously stuffed! Quote Link to comment Share on other sites More sharing options...
Parley Posted April 20, 2016 Share Posted April 20, 2016 I think it is more the Australian Dollar going up on its own fundamentals. It has been doing well against the USD too, up to about 78c. Quote Link to comment Share on other sites More sharing options...
FTA Posted April 21, 2016 Share Posted April 21, 2016 Gdp can only get stronger, but will be volatile until brexit is rejected. Aud is rallying right now but I think it will crash before the end of the year. 2.6 a definite possibility. Quote Link to comment Share on other sites More sharing options...
paisleylass Posted April 21, 2016 Share Posted April 21, 2016 May be wishful thinking, as we have money to move and will need it here once we buy a house, but I tend to agree with this, published yesterday: http://www.australiandollarforecast.com/2016/04/21/4577/ EU referendum polls are pretty unreliable. However if betting odds are a good indication (but, how are they set?!), then remain is looking incredibly strong. Quote Link to comment Share on other sites More sharing options...
winter1 Posted April 21, 2016 Share Posted April 21, 2016 May be wishful thinking, as we have money to move and will need it here once we buy a house, but I tend to agree with this, published yesterday: http://www.australiandollarforecast.com/2016/04/21/4577/ EU referendum polls are pretty unreliable. However if betting odds are a good indication (but, how are they set?!), then remain is looking incredibly strong. Agree with the bookmakers as a barometer they usually get it right currently one is giving "Remain 4/11" and "Leave 2/1". Pollsters reckon phone polls are more accurate than online ones. The phone ones are consistently ahead for the "Remain camp" but it is still a long way to June 23rd. There could be wild swings if one side or the other can land a significant blow. Quote Link to comment Share on other sites More sharing options...
paisleylass Posted April 21, 2016 Share Posted April 21, 2016 Given current indications, I strongly believe there is hope for GBP/AUD to show some improvement, rather than keep trending downwards. But things can change, quickly. Too many possible variables to take a gamble. But for now, we'll leave our GBP money where it is. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 21, 2016 Share Posted April 21, 2016 Yes, we would like to bring the rest of our money over here and invest it here where we would get a better interest rate however the extra amount we could earn in interest would be dwarfed by getting an exchange rate nearer to 2.00 than around 1.80 so we will sit it out and take a risk on an improving £. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 22, 2016 Share Posted April 22, 2016 Labor were about 6/1 to win QLD elections. Newman ended up annoying the electorate and helping a backdoor Labor win. I think there's a good chance that people will react to the ridiculous scare campaign and can turn it around. Aussie dollar is strengthening against the USD, it's not all GDP weakness driving the fall. Quote Link to comment Share on other sites More sharing options...
paisleylass Posted April 22, 2016 Share Posted April 22, 2016 Similar thinking here gbye, although we'll soon (all being well) have an offset mortgage, meaning interest savings are greater than interest earned... And then there's the lack of tax, which really eats into earned interest. I may have to do some spreadsheets to work out which is the lesser evil! Quote Link to comment Share on other sites More sharing options...
paisleylass Posted April 22, 2016 Share Posted April 22, 2016 Bubbling just under 1.87 now, another volatile week. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 22, 2016 Share Posted April 22, 2016 Bubbling just under 1.87 now, another volatile week. I cannot see any major positivity for the GBP until after the Brexit vote and only then if the vote is to remain. It is looking increasingly unlikely that the RBA will make a further cut in interest rates though that possibility may re-emerge if the AUD strengthens significantly against the USD. Clearly there is no prospect for a UK interest rate rise in the forseeable future. Ideally if both the above were to happen (or the markets become convinced that they will) then a return to 2:1 would be almost certain to follow. Long shots though, I have prepared myself to wait until mid 2017 for more favourable conditions to transfer. We were fortunate in that we moved most of our money last year at 2.15 which is looking unattainable now. Quote Link to comment Share on other sites More sharing options...
paisleylass Posted April 22, 2016 Share Posted April 22, 2016 Yeah, it's looking like a long wait, and then only if conditions are in favour of GBP and that's a huge 'if'! I can see AUD strengthening againt USD ahead of the US election, already the rate has become pretty favourable ahead of our US holiday so I got some currency this week, but suspect there is further to go in that direction. Quote Link to comment Share on other sites More sharing options...
winter1 Posted April 22, 2016 Share Posted April 22, 2016 Not sure what the implications would be in the hopefully unlikely event of Trump becoming President, World's gone mad! Quote Link to comment Share on other sites More sharing options...
newjez Posted April 22, 2016 Share Posted April 22, 2016 Given current indications, I strongly believe there is hope for GBP/AUD to show some improvement, rather than keep trending downwards. But things can change, quickly. Too many possible variables to take a gamble. But for now, we'll leave our GBP money where it is. It's going to be an interesting couple of months. Quote Link to comment Share on other sites More sharing options...
paisleylass Posted April 27, 2016 Share Posted April 27, 2016 1.91 now!! Gosh! Quote Link to comment Share on other sites More sharing options...
paisleylass Posted May 6, 2016 Share Posted May 6, 2016 1.91 now!! Gosh! That sounded amazing at the time. Gone up to nearly 1.96 now. Keep goin' heh heh! Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted May 12, 2016 Share Posted May 12, 2016 Starting to knock on the door of 2:1 again though with almost uniformly negative data coming out of the UK so far this year I do not feel this will be breached until the vote on 22 June and then of course only if the vote is to remain in the EU. That should initiate a brief spike in the rate I suspect so need to be poised in the aftermath ready to secure the best rate. Quote Link to comment Share on other sites More sharing options...
paisleylass Posted May 12, 2016 Share Posted May 12, 2016 Just moved some cash over, believing the rate may have spiked, then it goes up again! Ah well, more to come. Maybe I've been sensible given the current uncertainty! Quote Link to comment Share on other sites More sharing options...
Fisher1 Posted May 12, 2016 Share Posted May 12, 2016 I think everything is so up in the air at the moment that it's wise to move money when it reaches a rate you can live with rather than waiting to see if it goes up any more. I am so glad the rate has gone back up again that I'm going to transfer some while the going is good - although having just paid for a parents visa, there isn't an awful lot to move at the moment!! Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted May 18, 2016 Share Posted May 18, 2016 Starting to knock on the door of 2:1 again though with almost uniformly negative data coming out of the UK so far this year I do not feel this will be breached until the vote on 22 June and then of course only if the vote is to remain in the EU. That should initiate a brief spike in the rate I suspect so need to be poised in the aftermath ready to secure the best rate. Just touching 2:1 now so looks like I was wrong. Cannot see the reason for this. Wonder if it is a spike in the rate or a continuation of a trend. Quote Link to comment Share on other sites More sharing options...
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