US ($) Currency Thread 2

inspector_monkfish

2 mins before UK inflation data released, Cable trading at 1.6630

inspector_monkfish

15 mins later..... still trading at 1.6630 !

inspector_monkfish

10:29 15Sep09 Gbp slammed as King talks paying lower interest on reserves

09:29 GMT - [CABLE] slammed as [KING] says that the BoE will look to reduce the
remuneration on bank reserves. This long part of the speculation in terms
of expected BoE actions, and at last a spark to induce some interest into
previously dead FX trade. Cable now off a big fig to 1.6525-35 with
Eur/Gbp hurdling 0.8800 again and stops for the taking above 0.8830. Even
more important 0.8870, late May/early June highs of 0.8870-67. Yesterday's
low in Cable 1.6522, 1.6502 (38.2% retrace of 1.6113-1.6742) are the next
tech supports.

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trading 1.6515 now

inspector_monkfish

1.6475 now

sabretoothtigger

1% in a few hours seems quite alot

kefrif

Sure does. Here's hoping it will recapture some ground in the near future...

inspector_monkfish

1.6460 now

inspector_monkfish

the tumbling continues..... 1.6405

whatusername

It's recovered a bit i see to 1.65+

Good day to you all.

inspector_monkfish

1.6470 now