US ($) Currency Thread 2

inspector_monkfish

still moving back up
1.6390 trading here in the markets

not sure what high street prices are, but will certainly be better than they were 24hrs ago

last chance to buy your Dollars now before it all crashes off at 9.30am tomorrow...

RDCM

inspector_monkfish wrote: »

rally continues up to 1.6335 now

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

Thanks very much for the advice, bought my cash and TC today for about 1.583.

Can relax and forget about it now :j

neilbond007

RDCM wrote: »

Thanks very much for the advice, bought my cash and TC today for about 1.583.

Can relax and forget about it now :j

You'd like to think so. But you'll be checking the rate even more now... see how much you could of got I know I do!

yogiberr

hiya,

I'm in the states and coming home in a few days.I have 800 bucks and want them in my UK bank.I looked into wiring them, but it seems quite dear.Am I better just to bring them home and then convert them, if so, any ideas on the best place?

Cheers,

yogi

inspector_monkfish

RDCM wrote: »

Thanks very much for the advice, bought my cash and TC today for about 1.583.

Can relax and forget about it now :j

well done!

hovering around 1.6400 at the moment

inspector_monkfish

01:48 23Sep09 Gbp/Usd seeks fresh direction from BOE Minutes

00:48 GMT - [GBP/USD] rose from an earlier low of 1.6204 to an o/n high of
1.6395 as the Greenback continues to be dumped. However, the pair's upside
was limited by good buying in the Eur/Gbp cross which saw it reaching a
5-month high. Also limiting the upside was concern by market players about
rising UK government debt and nagging specualtion that the BOE may have to
expand the QEP to boost the UK economy. UK PM Brown saying that continued
stimulus is needed for the global recovery and that he does not see a
quick exit strategy from fiscal and monetary stimulus suggest that the UK
economy is not out of the woods yet which will also likely be a drag on
the pair. Thus today's Sep BOE Minutes will take on an even greater
importance for the pair's direction. Buying orders at 1.6320 by a M/E name
& selling orders at 1.6420 by a US Prime will keep the range ahead of the
BOE Minutes.

inspector_monkfish

4mins until BOE minutes, gbp/usd has tumbled to 1.6340

inspector_monkfish

woooaaaah, markets shocked by BOE minutes

they were expected to mention some kind of discussion about cutting the interest rate paid to banks for depositing funds with BOE (not the base rate) from 0.50 to maybe 0.25. A massive issue at the moment.

BUT, they apparantly did not even discuss it !!


this was massively unexpected.
more to follow....



Cable immediate reaction was to spike back up to 1.6415 very briefly, before falling back to trade around 1.6390

cobnobbler

Ha, pound jumps. I got the last of my holiday money before 9.30.

This is why I'm not a currency speculator!

inspector_monkfish

Moneysavingmofo wrote: »

Ha, pound jumps. I got the last of my holiday money before 9.30.

This is why I'm not a currency speculator!

dont worry, no-one saw that coming
not even the cable fx traders here !

trading at 1.6430 now