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Good to see Cable back over 1.50....
Comments
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Whose commentary are you quoting OOI? Looks like classic trading desk updates to me.0
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Whose commentary are you quoting OOI? Looks like classic trading desk updates to me.
that bit is from ThomsonReutersPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
inspector_monkfish wrote: »that bit is from ThomsonReuters
Ok. I only ever used Reuters for trading/trade confirmation.0 -
Ok. I only ever used Reuters for trading/trade confirmation.
thats the same
they are now called ThomsonReuters.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
My experience of working in FX was that you can get big intraday moves just caused by a corporate entity looking to hedge a big amount or needing to raise foreign currency to complete on a deal. Even a few tens of millions can be enough to allow you to see the market move, or at least could in 2000
Currency's like the Aussie, Kiwi, CAD etc etc where market traded amounts are smaller, and the market thinner have always tended to move in big lumps on individual days, rather than more gradually over time which is how the bigger currency's such as Cable, Dollar (as USD/DEM was called....do they call EUR, Dollar nowadays, or is there another name ?) and JPY move.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Not sure sterling strength is a good thing - we need a bit of Goldilocks, just weak enough to avoid deflation whilst boosting output via balance of trade effects is ideal.
In the 30s countries tried competitive devaluations. The UK is in the lucky position of being able to pull that off this time as our main trading partners are committed to higher rates because of policy restrictions (EU) and reserve currency status (US). That (and having one of the smallest inventory driven manufacturing sectors) why the UK despite its structural public and private deficits is seeing a more gradual slowdown than some other economies.
Interestingly latest IMF puts US down 2.8% this year which is a normal downturn compared to the 'Armageddon recessions' that most countries look set to suffer - not bad considering it was their banking sector which kicked everything off...I think....0 -
back trading over 1.5110, after good PMI numbersPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0
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