US ($) Currency Thread 2

inspector_monkfish

1.6860 to start the day

blame the weak $

inspector_monkfish

09:36 17Nov09 - Sterling Rises After Inflation Data

0936 GMT - Sterling is rising after UK October inflation came in at +0.2% on the month against +0.1% seen and bang of target at +1.5% for the year. GBP/USD is now at 1.6870 from around 1.6830 before the data, while GBP/EUR is up at a fresh 2-month high of 1.1295.

inspector_monkfish

collapsed back down to 1.6785

sabretoothtigger

Sterling Index At 0800 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
PREVIOUS CLOSE 81.8 1.6796 0.8836
OPEN 81.6 1.6798 0.8864

inspector_monkfish

1.6810 trading this morning

BOE MPC minutes released at 9.30.

inspector_monkfish

1.6770 trading

inspector_monkfish

down at 1.6665 this morning after a warning about the state of UK Banks from Experian.


http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6600081/UK-banks-in-worse-trouble-than-others-Experian-warns.html

inspector_monkfish

09:39 19Nov09 GBP/USD: Recovery Envelope Pushed After UK Retail Sales Data


London, November 19.

Cable pushed its recovery envelope from an early Europe intra-week low of 1.6642 to highs circa 1.6700 in a knee-jerk reaction to the 09:30GMT disclosure that annualized UK retail sales rose by an above-forecast 3.4% last month--the biggest annualized rise for 17 months. A more modest increase of 2.9%was expected, to follow annualized growth of 2.4% in September. UK retail sales rose by 0.4% in October on a month-on-month basis, having risen by an upwardly revised 0.4% in September (<TGM42331>). A 1.6700 option expiry rolls off attoday"s 10am Eastern NY cut

inspector_monkfish

1.6626 trading now

inspector_monkfish

08:39 20Nov09 MARKET TALK: Negative GBP Outlook To Persevere - Commerzbank


0839 GMT The pound came under pressure across the board Thursday after the market found out net UK public debt reached record highs for the month of October, notes Commerzbank. More pressure came from the OECD who suggested more QE and a delayed rate hike until 2011 may be on the cards due to the bleak outlook for the UK economy. The bank says the 2 year EUR-GBP spread widened to its highest level this month, helping EUR/GBP defend recent gains. With no data on tap Friday the bank expects the negative GBP sentiment to persevere with the improving technical picture for the cross pushing it back towards the
physiologically important 0.90 mark. EUR/GBP now at 0.8974. (GST)

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1.6475 trading