US ($) Currency Thread 2

dmg24

whatusername wrote: »

New York for Easter and Orlando in the summer. We do Orlando every year, have family there.

I will be partaking in 9 holes tonight, my first golf since November.

How's tricks with you buddy? You all Americanised now?

I'm in NY for Easter also! Watch out for the girl with purple hair and a bright pink scarf ... that'll be me!

Having said that, my plans could change in the next 24 hours ... If BASSA announce a strike I'll probably use it to my advantage and reschedule to June ... when fares would be a lot more than I paid, and hopefully the rate will have recovered a tad! :T

neilbond007

70F here today.
Pity the rate hasn't taken the same upward trend.... 1.4962

sabretoothtigger

Sterling continued to come under pressure today testing support against both the Euro and the US dollar, but has so far managed to hold both levels as the dollar has slipped back.

The key levels on the cable are at 1.4850, the 61.8% retracement of the up move from 1.3500 to the highs at 1.7045, and against the Euro at 0.9150, the recent range highs.

The announcement of a UK budget date of 24th March could well underpin the currency until then on the basis that Alistair Darling may well steal the Tory's clothes, and be more transparent about possible future cuts, and fire the starting gun proper for the lead-up to the general election.




Sterling still undervalued

In the first of his episodes on currency this week, Simon Derrick takes a longer term look at sterling. Though political risk is keeping GBP under pressure at present, as soon as the election is over the pound will rebound, he says.

http://www.cantos.com/charts/company/BNY+Mellon/project/6031/term/analysis

jackieblack

sabretoothtigger wrote: »

Maybe cable will go up when they announce the election after easter

Yeah, it'll probably go up as soon as I'm back!

jackieblack

sabretoothtigger wrote: »

.



Sterling still undervalued

Not by me!
Unfortunately that makes naff all difference to the markets!

sabretoothtigger

sabretoothtigger wrote: »

Very positive cable right now, I would repeat the sentiments of 3rd Feb in that either it falls from here or it marks the start of a longer recovery. Last time I said that it fell horribly but I cant say I really know which way it'll go.

http://forums.moneysavingexpert.com/showthread.html?p=29518611#post29518611

Ditto, top of the channel here . It could in theory breakout but more likely Cable goes down from here perhaps aggressively

Euro vs dollar shows similar and us dollar index itself has likely reached its most negative point for just now

all just maybes!

neilbond007

Finished up a nats knacker above 1.52.

Happy weekend y'all

neilbond007

Not a great day.

Back down to 1.5050.

On a happier note, the clocks went forward here at the weekend. Light until 8pm now! Going for a quick 9 after work tomorrow (a few days around 16C to come)

jackieblack

neilbond007 wrote: »

Not a great day.

Back down to 1.5050.

Ordered some $ from Crown Currency yesterday, at 1.4934, to be delivered next week.
Not a great rate compared to what we were getting a couple of years ago, but probably as good as I'm likely to get anywhere before I go now.

inspector_monkfish

1.5130 trading