US ($) Currency Thread 2

inspector_monkfish

neilbond007 wrote: »

Just saw on the TV over here that a so called expert says in the next couple of days the $ will get stronger then next week he reckons it's going to weaken "significantly".

Not sure who it was.. but it was on CNBC

Interesting...

so, basically, what he said was "it might go up a bit, then it might go down a bit more"

good knowledge

inspector_monkfish

fallen away overnight
trading at 1.6365

inspector_monkfish

collapsing here
1.6280 trading...

inspector_monkfish

08:42 24Sep09 GBP/USD: 1.63 Handle Lost on BoE King Comment re: Sterling

[07:42 GBP/USD: 1.63 Handle Lost on BoE King Comment re: Sterling] London,
September 24. Cable slumped to a two-day low of 1.6265 on the back of BoE
Governor Mervyn King"s Reuters-reported comment that "weaker sterling helping
necessary rebalancing of UK economy towards exports" re: his interview in The
Newcastle Journal headlined "North East can export us out of this".

Selling of the pound by a UK clearer had helped depress GBP/USD to lows circa 1.6325 (today"s Asian session base) before King"s currency-related comment hit Reuters (1.6389 was today"s early Europe intra-day high). The BoE Governor also says that "there are some signs that growth may be beginning to pick up. But we should not get too carried away by this. This is clearly very small growth after a very large fall and unemployment has risen so it is a difficult challenge
ahead".

1.6258 (Tuesday"s Asian session top), 1.6239 (Monday"s NY session high)
1.6212 (Tuesday"s Asian session base), 1.6188 (Monday"s late NY session low),
1.6134 (Monday"s early Europe 19-day low) and 1.6113 (Sep 1 low) are sterling
support points.

BoE Deputy Governor Charlie Bean will be hosting a seminar of "all London"s
major economists" next Tuesday, with the BoE APP the presumed subject matter (Daily Telegraph, B1). BoE Chief Economist Spencer Dale is slated to speak in Exeter at 12:15GMT today.

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1.6235 trading now

inspector_monkfish

1.6180 trading
the drop continues...

whatusername

DickyP wrote: »

I do like sausage though!!

Not to be confused with liking the sausage all the same

Has been a bit dead seen as the holiday period is gone for most, that being said im in London this weekend, down for a visit to the big smoke.

What rate is the scottish pound to the pound seen as currency is struggling

Cade_Foster

whatusername wrote: »

What rate is the scottish pound to the pound seen as currency is struggling

In some shops nothing as they wont accept scottish notes

jackieblack

neilbond007 wrote: »

I was in Key West last week. I said the same thing. I was a very popular bloke that night :D:eek::eek::eek::eek:

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

whatusername

Cade_Foster wrote: »

In some shops nothing as they wont accept scottish notes

That my friend is a very good point. :T

neilbond007

inspector_monkfish wrote: »

so, basically, what he said was "it might go up a bit, then it might go down a bit more"

good knowledge

Well the first bit is coming true