I have blogged here before on my belief that the GBP/AUD was likely to be very undervalued towards that 1.50 level and that buys near there ( 1.5150-1.5200) with a sub 1.50 stop might be a good trade; it’s 1000 points higher today. Don’t be embarassed…applause is allowed….;-)
However I also believe that UK property is undervalued, and exiting from Australian assets where the property market is ludicrous, could provide a double whammy on the plus side if you take a five year view….I am a pom but live in Oz ! I now have found the perfect property opportunity to complete my arbitrage…
