The Pound is a screaming BUY

Generali

inspector_monkfish wrote: »

the thing is, its had an awful lot of very good 'daily' rises in the last few weeks

looking pretty good at the moment, and probably still a bit more room to go higher and creep into the 1.60's

but it is mainly a USD weakness driven rally, as although GBP is higher aginst the EUR in recent days, its not by the same percentage as it is aginsd USD

All true and please don't think I'm trying to do you down because I'm not.

However, I think that people get too fixed upon daily, weekly, monthly movements in asset prices.

inspector_monkfish

Generali wrote: »

All true and please don't think I'm trying to do you down because I'm not.

However, I think that people get too fixed upon daily, weekly, monthly movements in asset prices.

not at all, no worries

i appreciate there is a bigger picture, but FX markets are very much a 'right here, right now' kind of market
slightest little thing makes them flinch!

sabretoothtigger

setmefree2 wrote: »

And oil has just hit $60. Are they both just a move against the dollar?

Not sure about a move against but I think it could be related to perceived stability and the whole reserve currency effect though thats confusing to me to say the least





Whats the Dollar index symbol or something similar?

Conrad wrote: »

I was only saying today the UK as a whole is a pretty attractive investment beacon when compared with the US.

Money has to be vested somewhere.

With all this danger in 'safe' markets there is a better case for emerging markets development and investment then ever before imo.
If it has to be put somewhere, the uk isnt top of the list in alot of industries afaik

inspector_monkfish

traded at a 6mths high of 1.5810 overnight

currently at 1.5795

bendix

While inspector monkfish is right to point out that the dollar sterling rate is probably more about the dollar's weakness as it is against sterling's strength, there are definitely signs that sterling is starting to stand on its own again against a range of other currencies.

I keep a close eye on the Sterling / Thai Baht rate . . sterling has appreciated around 8% in the past couple of months.

inspector_monkfish

Cable just collapsed
trading 1.5620 now
after S&P revises UK outlook to 'NEGATIVE'

purch

Cable just collapsed

Get me CALLS !!!!!!

inspector_monkfish

rebounded a bit to 1.5630
after dropping as far as 1.5520

inspector_monkfish

crikey
its made it all the way back to 1.5720

made of tough stuff is the good old Great British Pound:D

setmefree2

inspector_monkfish wrote: »

crikey
its made it all the way back to 1.5720

made of tough stuff is the good old Great British Pound:D

Turned out to be a good day after all 'cos investors even bought our gilts:D

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5biz9fABQjQ

"Two- and five-year gilts rallied after the U.K. successfully sold all 5 billion-pounds ($1.6 billion) of government bonds at an auction today even after the nation’s credit-rating outlook was cut by Standard & Poor’s. The Treasury sold the 2014 notes to yield 2.91 percent, attracting bids 2.6 times the amount offered, the Debt Management Office said today."