Wanderer Returns Posted April 3, 2021 Share Posted April 3, 2021 Sterling is now the highest it's been again the Aussie for over 4 months (£1 = $1.82). It might be worth exchanging a bob or two if you've been hanging on. Quote Link to comment Share on other sites More sharing options...
newjez Posted April 3, 2021 Share Posted April 3, 2021 4 hours ago, Wanderer Returns said: Sterling is now the highest it's been again the Aussie for over 4 months (£1 = $1.82). It might be worth exchanging a bob or two if you've been hanging on. It hasn't really changed that much over the last ten months, with a little uptick at the end. It is possible that the recent little uptick is due to the UK vaccine advantage. If so, this will continue so it may be better to watch and wait. Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 7, 2021 Author Share Posted April 7, 2021 On 03/04/2021 at 15:52, newjez said: It hasn't really changed that much over the last ten months, with a little uptick at the end. It is possible that the recent little uptick is due to the UK vaccine advantage. If so, this will continue so it may be better to watch and wait. Agreed. I think 1.80 has become a glass ceiling over the last few months, and the pound will need to stay above it for a while to make further progress. I noticed the AUD has gained a couple of cents this morning, probably off the back of the NZ travel news yesterday. Quote Link to comment Share on other sites More sharing options...
Jon the Hat Posted April 7, 2021 Share Posted April 7, 2021 I still think there is a window to come where the UK is vaccinated and open and Australia has to open and will see some spikes. Probably some time next year. fingers crossed for a spike to 2:1 as we saw last year 1 Quote Link to comment Share on other sites More sharing options...
newjez Posted April 7, 2021 Share Posted April 7, 2021 1 hour ago, Jon the Hat said: I still think there is a window to come where the UK is vaccinated and open and Australia has to open and will see some spikes. Probably some time next year. fingers crossed for a spike to 2:1 as we saw last year As always, the Australian dollars performance will be more likely dictated by China's economic opening rather than Australia's. There have been talks of China peaking, but until it happens it hasn't happened. We are also unsure of the democrats plans for china. The thinking was that they would role back trump's tariffs, but that doesn't seem to be the case. I have no skin in the game, but I would assume that the pound has the advantage at least for the short term. 1 Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 7, 2021 Author Share Posted April 7, 2021 14 hours ago, Jon the Hat said: I still think there is a window to come where the UK is vaccinated and open and Australia has to open and will see some spikes. Probably some time next year. fingers crossed for a spike to 2:1 as we saw last year That's probably very optimistic, but I'd be happy with 1.9ish. I'll need to start moving money over fairly soon anyway, as our mortgage has been approved and we'll need at least 20% for the deposit. Quote Link to comment Share on other sites More sharing options...
Jon the Hat Posted April 8, 2021 Share Posted April 8, 2021 8 hours ago, Wanderer Returns said: That's probably very optimistic, but I'd be happy with 1.9ish. I'll need to start moving money over fairly soon anyway, as our mortgage has been approved and we'll need at least 20% for the deposit. As has been said before, the long term average is 1.80, so anything up from there is a win! 1 Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 8, 2021 Author Share Posted April 8, 2021 8 minutes ago, Jon the Hat said: As has been said before, the long term average is 1.80, so anything up from there is a win! Yes, I think I'm going to bite the bullet and bring a few k over before it dips under again! Quote Link to comment Share on other sites More sharing options...
Jon the Hat Posted April 8, 2021 Share Posted April 8, 2021 30 minutes ago, Wanderer Returns said: Yes, I think I'm going to bite the bullet and bring a few k over before it dips under again! I figure I have a year to keep an eye on it. If it gets closer to $1.90 I will consider it, but effectively I won't be able to access that cash without going to a NAB branch on arrival so it is a little bit of a risk. Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 8, 2021 Author Share Posted April 8, 2021 10 minutes ago, Jon the Hat said: I figure I have a year to keep an eye on it. If it gets closer to $1.90 I will consider it, but effectively I won't be able to access that cash without going to a NAB branch on arrival so it is a little bit of a risk. Are you aware of UBank? They are an online subsidiary of NAB, and currently pay a whopping 1.1% interest on your savings - which I suppose is better than nothing... https://www.ubank.com.au/banking-overview/savings-accounts Quote Link to comment Share on other sites More sharing options...
Jon the Hat Posted April 8, 2021 Share Posted April 8, 2021 6 hours ago, Wanderer Returns said: Are you aware of UBank? They are an online subsidiary of NAB, and currently pay a whopping 1.1% interest on your savings - which I suppose is better than nothing... https://www.ubank.com.au/banking-overview/savings-accounts Thanks - looks good but you have to be a resident to setup. I will certainly move as soon as we are on the ground in Perth! 1 Quote Link to comment Share on other sites More sharing options...
NicF Posted April 9, 2021 Share Posted April 9, 2021 17 hours ago, Wanderer Returns said: Are you aware of UBank? They are an online subsidiary of NAB, and currently pay a whopping 1.1% interest on your savings - which I suppose is better than nothing... https://www.ubank.com.au/banking-overview/savings-accounts The 1.1% only applies if you deposit a minimum of $200 a month in to a linked USpend account. We've opened one a couple of weeks ago so I'm very familiar with it. Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 9, 2021 Author Share Posted April 9, 2021 18 minutes ago, NicF said: The 1.1% only applies if you deposit a minimum of $200 a month in to a linked USpend account. We've opened one a couple of weeks ago so I'm very familiar with it. Since I opened mine (must be about 10 years ago now), I've had a standing order moving $250 back and forth to another account, so never missed out on the interest. It was over 3% at one time! 1 Quote Link to comment Share on other sites More sharing options...
Parley Posted April 9, 2021 Share Posted April 9, 2021 31 minutes ago, NicF said: The 1.1% only applies if you deposit a minimum of $200 a month in to a linked USpend account. We've opened one a couple of weeks ago so I'm very familiar with it. You need to have a USpend account but you can deposit the $200 into either the USave account or the USpend is my understanding. I only ever send deposits to my USave. I keep the minimum balance on the USpend set at $200 and then it automatically sweeps money into the USpend when the balance drops below $200. The only thing i have found is it can glitch at times. It is supposed to in real time sweep money from USave to Uspend if you don't have enough in USpend for a purchase. I have had a few transaction declines for that reason. Overall though it is a good savings account. 2 Quote Link to comment Share on other sites More sharing options...
Parley Posted April 9, 2021 Share Posted April 9, 2021 Further to above I don't think it is a glitch but intended. I checked their website and the live sweeps from USave to USpend don't happen for in store purchases. They say this is a security measure Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 9, 2021 Author Share Posted April 9, 2021 5 hours ago, Parley said: Further to above I don't think it is a glitch but intended. I checked their website and the live sweeps from USave to USpend don't happen for in store purchases. They say this is a security measure The whole sweep thing is such a pain when you come to looks at the statements. I think they were talking about abolishing it at one point (and I believe you can now turn it off in the settings). 1 Quote Link to comment Share on other sites More sharing options...
newjez Posted April 12, 2021 Share Posted April 12, 2021 The upcoming Scottish election could have a significant effect on the pound. If the SNP wins by a decent margin, that makes an independence referendum more likely and the pound will react as a result. Quote Link to comment Share on other sites More sharing options...
Wanderer Returns Posted April 13, 2021 Author Share Posted April 13, 2021 19 hours ago, newjez said: The upcoming Scottish election could have a significant effect on the pound. If the SNP wins by a decent margin, that makes an independence referendum more likely and the pound will react as a result. Quite possibly - but up or down?! Quote Link to comment Share on other sites More sharing options...
newjez Posted April 13, 2021 Share Posted April 13, 2021 2 hours ago, Wanderer Returns said: Quite possibly - but up or down?! That is a very good question, and the answer could be both, and also neither. Initially, if SNP wins, I would say the movement would be down, mainly because of the uncertainty. Can't say by how much, and whether it would be a temporary reaction. But an SNP majority doesn't mean they will go straight for a referendum, or that they would win it. Long term, if Scotland left, the movement could be up, especially if NI looks at following suit. England could be a lean mean Atlantic Singapore. Or not. But this would take some years to eventuate. I would suggest that people just be aware for now, knowing that there may be volatility, and make plans accordingly. 1 Quote Link to comment Share on other sites More sharing options...
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