Has there been any good forecasts on GBP?
Discussion
Looking to read up on how people will think GBP/AUD will be in the next 6/12/18 months.
I have AUD and will need to put it back in GBP at some point before mid 2018 and wondering whether to do it now or do the economic reports suggest it will go back dow to 1.58-1.65?
It will go back to 2.00-2.15 eventually and I dont want to be in that situation, so the lower the number the better for me.
I have AUD and will need to put it back in GBP at some point before mid 2018 and wondering whether to do it now or do the economic reports suggest it will go back dow to 1.58-1.65?
It will go back to 2.00-2.15 eventually and I dont want to be in that situation, so the lower the number the better for me.
Dicky Knee said:
Many years ago the Australian Financial Review did a survey at the beginning of each year asking economists to predict the Aussie exchange rate at the end of that year. The majority of those economists didn't even correctly predict the direction of the Aussie let alone the correct final exchange rate. Don't rely on them.
I'm in a similar boat to you having assets in Australia and in the UK and sometimes need to transfer cash and over nearly 30 years I have never picked the low or the high.
My personal view is that the core range is 1.70 to 2.20 over time so we are still closer to the bottom of the range than the top. Although it has been much higher and lower.
Part of the decision is how much are you transferring and what is your pain threshold. If I sold my house in Australia today I would cover 50% of it now because, for me, if it was 1.90 is 3 months time I would be more pissed off than if I did half of it now and at it was 1.60 in 3 months time.
Ultimately it is just a punt and, as has already been pointed out, no one knows.
Been shifting chunks now... I gained on the 1GBP to 1.58AUD after Brexit as I got paid at 1GBP to 2AUD (price locked in for 2 years), so as its rising back up I might as well shift my cash (only cash) back to GBP as I will need it in Euros next year and gain again.I'm in a similar boat to you having assets in Australia and in the UK and sometimes need to transfer cash and over nearly 30 years I have never picked the low or the high.
My personal view is that the core range is 1.70 to 2.20 over time so we are still closer to the bottom of the range than the top. Although it has been much higher and lower.
Part of the decision is how much are you transferring and what is your pain threshold. If I sold my house in Australia today I would cover 50% of it now because, for me, if it was 1.90 is 3 months time I would be more pissed off than if I did half of it now and at it was 1.60 in 3 months time.
Ultimately it is just a punt and, as has already been pointed out, no one knows.
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