US ($) Currency Thread 2

neilbond007

Evening all!
I'm back from a most enjoyable week in wet, humid and occasionally sunny Florida!

Looks like the £ is pretty much where I left it.
I tried to read STT's graphs but I'm far too stupid to understand them

inspector_monkfish

1.6180 trading this morning

07:31 21Sep09 GBP/USD: Weighed Down by BoE Bulletin View on Sterling

London, September 21.

Cable has fallen to fresh 19-day lows circa 1.6150 since the European open,
as the continent absorbs the BoE"s view that the pound"s long-run sustainable
exchange rate may have fallen re: overseas investors willingness or ability to
purchase sterling assets and thereby finance the UK trade deficit. The view is
contained within the BoE Quarterly Bulletin (published at midnight BST), in an
article headlined "Interpreting recent movements in sterling" by Mark Astley and
James Smith of the BoE"s Monetary Instruments and Markets Division and Darren
Pain of the BoE"s FX Division (p202-214). It has been covered by City AM (p2).

There is a 1.6150 option expiry tomorrow (Tuesday). 1.6196 (today"s late
Asian session base) is now a resistance level. 1.6230 was Friday"s floor. 1.6265
was today"s Asian session high.

inspector_monkfish

ooooh, its so tight.....

http://fantasyfootball.skysports.com/

sabretoothtigger

Graphs above just mean sterling weak and dollar stronger maybe maybe as always

Another take today,

The break of key supports on Sterling Index, undermines the case for a stronger pound. Below 200 day MA, 80.00 support re-targets 73.05 lows

http://twitpic.com/ikckn

vickyb242

I know this is probably the same old question and it might seem really lazy of me, my my head is about to explode if I read anymore on exchange rates etc!

I was just hoping someone could give me the answer to the below.

I am going to Orlando in 3 weeks, I plan on taking £2000 with me and would really apperciate it if someone could tell me the best way to take my money. I normally just change it up at the airport and take the money, but have now seen info on Nationwide cards or pre-paid cards. I don't aim to spend on any cards out there, just use cash.

Please please can someone tell me the best way of doing this?

Thanks
V

inspector_monkfish

rallied back to trade at 1.6215

RDCM

Hi,

Hope I'm posting in the right place, I am meant to be flying to Orlando on Monday. I always buy my currency from Travelex and collect at the airport, however as the Dollar has dipped a lot over the past couple of days would people recommend I take the 1.565 travellers rate now? I am disappointed because I could have got 1.6 not long ago, the difference in spending money is quite significant.

I acknowledge that it is difficult to predict however I haver no financial market knowledge so any advice would be much appreciated. Do people think it will drop further before it rises? Should I just take the rate now?



Thanks in Advance

inspector_monkfish

RDCM wrote: »

Hi,

Hope I'm posting in the right place, I am meant to be flying to Orlando on Monday. I always buy my currency from Travelex and collect at the airport, however as the Dollar has dipped a lot over the past couple of days would people recommend I take the 1.565 travellers rate now? I am disappointed because I could have got 1.6 not long ago, the difference in spending money is quite significant.

I acknowledge that it is difficult to predict however I haver no financial market knowledge so any advice would be much appreciated. Do people think it will drop further before it rises? Should I just take the rate now?



Thanks in Advance

its rallying back today.

1.6270 trading at the moment in the markets.

tomorrow at 9.30am, there are minutes of the last Bank Of England meeting being released. It may be a good idea to buy your Dollars before then, as I envisage a dip immediately after. Just my opinion

sabretoothtigger

Not sure if most can get cnbc but

alaidiWill be guest hosting CNBC worldwide exchange tuesday 9-9.45 am GMT focusing on FX $USDJPY $GBPUSD

inspector_monkfish

rally continues up to 1.6335 now

today could be a good day to buy, before the BOE minutes at 9.30 tomorrow mng