US ($) Currency Thread 2

inspector_monkfish

LONDON, June 28 - Sterling extended gains on Monday, rising above $1.51 for the first time in nearly eight weeks.

Sterling <GBP=D4> reached the day's high of $1.5104, shortly after Bank of England Monetary Policy Committee member Andrew Sentance told Reuters that Britain's tough budget does not remove the need to start raising interest rates now.

newish2this

inspector_monkfish wrote: »

LONDON, June 28 - Sterling extended gains on Monday, rising above $1.51 for the first time in nearly eight weeks.

Sterling <GBP=D4> reached the day's high of $1.5104, shortly after Bank of England Monetary Policy Committee member Andrew Sentance told Reuters that Britain's tough budget does not remove the need to start raising interest rates now.

:eek::eek::eek:

sabretoothtigger

Interest rates should be 5% or at least 1 or 2% the only reason we have a free money policy is political interference backed by distorted views of a man dead 50 years.


They found 800m barrels of north sea oil over the weekend which makes the sterling strength more justified . Also pru wont be paying aig 30bn dollars now, etc

Just in case anyone gets too cheerful, cable is still likely to continue down overall .
1.54 is the topside target roughly



Uploaded with ImageShack.us

inspector_monkfish

1.5080 trading

inspector_monkfish

http://worldfantasyfootball.skysports.com/

New Top 10

1. Geoff Morley 228 (8 transfers left)
2. Insp Monkfish 212 (6 transfers left)
3. Norman Whiteside 207 (13 transfers left)
4. Dom Sykes 205 (5 transfers left)
5. Andrew H 202 (13 transfers left)
6. Stevie J 199 (11 transfers left)
6. Pick Meass 199 (3 transfers left)
8. Wheezy 187 (8 transfers left)
9. Nikk ster 174 (13 transfers left)
10. Really 172 (8 transfers left)

inspector_monkfish

1.4990 trading now
taken a tumle !

inspector_monkfish

Latest Overall Top 10 after Tuesday results.....

1 Geoff Morley 258 - 8 transfers left
2 Inspector Monkfish 254 - 6 transfers left
3 Norman Whiteside 237 - 13 transfers left
4 Stevie J 235 - 10 transfers left
5 dom sykes 223 - 5 transfers left
6 The Purch 220 - 4 transfers left
7 Andrew H 218 - 12 transfers left
8 Pick Meass 217 - 3 transfers left
9 WU TANG 213 - 5 transfers left
10 lemon jelly 202 - 10 transfers left




Game Period 2 Top 10 is interesting.....

1. geoff morley 138
2. insp monkfish 130
3. pick meass 126
4. neil bond 114
4. the purch 114
6. dom sykes 110
7. lemonjelly 104
8. stevie j 102
9. norman whiteside 96
9. wu tang 96

inspector_monkfish

10:07 30Jun10 Gbp coming under some pressure post Posen

09:07 GMT - A relatively long [GBP] market is coming under some pressure.
Perhaps there is some disappointment that Posen did not leap into the
Sentance hawk camp, while month and quarter-end flows are impacting in
Eur/Gbp. A US prime name has been a noted Cable seller and the headline
has fallen below 1.50 for the first time in three days to 1.4998 so far.
Next stops through, 1.4990, we are told, but we will not give up on this
bull run at least until 1.4930/50 is clearly tripped.

jackieblack

photome wrote: »

We may laugh on the other side of our faces if Germany...... knock us out in first knockout game!!

If only the exchange rate were as easy to predict

4Chickens

Hi I am off on my hols to the good ole USofA in September. The exchange rate at the moment is the worst I have experienced in the 10 years that I have visited the USA.
It's nail biting stuff
I would be happy if it would be approx $1.60
I am not really clued up on what really drives the exchange rate up or down. What important events impact the exchange rates or is it just traders' intuition? I would like to understand it better than just how many hamburgers my tenner is going to get me IYKWIM