heyyu Posted August 17, 2011 Share Posted August 17, 2011 It's a tricky situation timing the move of funds at exactly the best time, I would be getting my sterling in the bank ASAP, you will make more on the exchange rate than interest should it move north from here. Goldman Sachs is betting Australia to cut interest rates as is Westpac and given the pace of negative news coming out of Australia it could be before Xmas. Hope this helps keep looking at events in Australia and you should be able to build up a picture of where things could be heading atb. stock market up, dollar up, expect interrest rates to stay on hold [18-8-2011] Quote Link to comment Share on other sites More sharing options...
gemjay Posted August 18, 2011 Share Posted August 18, 2011 The asx closed down 1.22% on world growth weakness which is affecting demand for commodities. China real estate bubble is becoming undone and growth is slowing. The aussie dollar is down on hopes of interest rate cuts to help exports and struggling Aussie retailers as well as the debt laden populous, time will tell interesting times. Quote Link to comment Share on other sites More sharing options...
newjez Posted August 18, 2011 Share Posted August 18, 2011 Dollars dropping and the pound is looking stronger Quote Link to comment Share on other sites More sharing options...
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