US ($) Currency Thread 2

sabretoothtigger

Its roughly in time with Europe so can watch the news pretty much. They said they will print even more money, which amazes me. Short term apparently this is positive for cable but really or obviously it should be bad for the rate.

Expect the unexpected but last few years in total its been sideways as USA prints liberally also. I believe this is the aim of government to promote our exports as cheap


We're at 38% retrace of the August high, we hit 50% last week and topped near 1.595
1.61 is 61% recovery and I guess thats my most positive target unless it behaves especially well but not for now

Vice versa 1.564

pollypenny

We're going for two months to look after grandson - crossing fingers!

It's the car hire which is giving me nightmares!

scottishminnie

pollypenny wrote: »

It's the car hire which is giving me nightmares!

I went online last night to book for September - same dates, same number of days, same class of car etc as this year and it's over £200 more expensive:eek::eek::eek: I'll be waiting to see if I can get a deal - not sure what is going on

neilbond007

pollypenny wrote: »

We're going for two months to look after grandson - crossing fingers!

It's the car hire which is giving me nightmares!

Sounds like a good trip! My folks are over for a week in August. They're retiring in a couple of months. Hopefully they'll be able to make it over for a few weeks at a time after that.

So what happened with the car hire? Just looked on netflights and it's 16GBP / day in August...

pollypenny

It's that fact that we are staying for so long which is making it soooo expensive. Of course, we can't do without a car in the States.

Be good when your parents can stay for longer, Neil. When is new baby due?

Chloe must be at an interesting age now.

neilbond007

pollypenny wrote: »

It's that fact that we are staying for so long which is making it soooo expensive. Of course, we can't do without a car in the States.

Be good when your parents can stay for longer, Neil. When is new baby due?

Chloe must be at an interesting age now.

Yep. The US is certainly "car friendly"! I go for a walk at lunchtime most days and get some very strange looks!
Junior 2 is due May 25th (It's another girl!). Chloe is 8 months as of yesterday. She has 8 teeth, is crawling all over the shop and has discovered that she can in fact make noises. At present I'm teaching her to say "dada". She does say it but I'm not sure I can claim it as her first word as she's just copying me
Here's a pic of her in her new t-shirt! http://i751.photobucket.com/albums/xx154/neilbond007/photo.jpg?t=1329144071
She was a bit sleepy on that one. Here's a better one -
http://i751.photobucket.com/albums/xx154/neilbond007/jan21_1.jpg

newish2this

Wow! That 8 months has flown by!!
She is an absolute gem
Enjoy your time with her

pollypenny

Oh, Neil, what a little beauty! She is gorgeous!

I can't wait to see our little one again! Thank god for Skype, but I can't give him a cwtch!

sabretoothtigger

Copying counts I think

UPDATE: Sterling Slides After BOE Minutes, Gilts Rally
-- Sterling weakens as speculation that quantitative easing may end soon is dashed

-- Gilts rally as the BOE opens the door to continued bond-buying through 2012

(Adds comment, details from third paragraph)


By Alexandra Fletcher and Tommy Stubbington
Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--Sterling fell and U.K government bonds rallied Wednesday after minutes from the Bank of England Monetary Policy Committee's February meeting showed a minority of members wanted even more asset buying to stimulate the U.K. economy than eventually agreed.

The pound fell below $1.57 against the dollar before steadying after it was revealed that seven MPC members voted for GBP50 billion of bond purchases while two others, Adam Posen and David Miles, voted for GBP75 billion.

The minutes helped to damp speculation that the BOE's asset-buying program might end in 2012, after a recent run of improved U.K. economic data.

"There was no one voting to restrain quantitative easing, so the market has taken it as very dovish," said Peter von Maydell, head of global foreign-exchange strategy at Credit Suisse Group.

At 1013 GMT, the pound was trading at $1.5705 against the dollar, having fallen 0.4% in the immediate wake of the minutes.

March gilt futures, in contrast, were up 38 ticks at 138.34 as bond traders upped their expectations for future bond buying by the BOE.

"To the extent that Posen has permanently dissented on the dovish side shouldn't drastically change the outlook. However, the fact that he was not alone does keep hopes of QE alive," said Alan Clarke, a fixed-income strategist at Scotiabank.

Credit Suisse's von Maydell said sterling is likely to trade down to the mid $1.50s against the dollar.

"The U.K. is being more dovish just when U.S. rate expectations have been reversed somewhat and things have started to look up in the U.S," he said.

However, Peter Kinsella, a currency strategist at Commerzbank AG, still expects sterling to recover as market interest rate differentials turned in its favor.

"There has been an improvement in U.K. real yields and this likely makes the outlook for sterling against the dollar stronger," he said.

-By Alexandra Fletcher, Dow Jones Newswires; 44 20 7842 9462; alexandra.fletcher@dowjones.com @djfxtrader

(William Kemble-Diaz in London contributed to this article)

(END) Dow Jones Newswires

February 22, 2012 06:24 ET (11:24 GMT)

jackieblack

sabretoothtigger wrote: »

Credit Suisse's von Maydell said sterling is likely to trade down to the mid $1.50s against the dollar.

"The U.K. is being more dovish just when U.S. rate expectations have been reversed somewhat and things have started to look up in the U.S," he said.

However, Peter Kinsella, a currency strategist at Commerzbank AG, still expects sterling to recover as market interest rate differentials turned in its favor.

"There has been an improvement in U.K. real yields and this likely makes the outlook for sterling against the dollar stronger," he said.

Glad everyone's in agreement