US ($) Currency Thread 2

sabretoothtigger

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      82.7       1.5459      0.8084 
               OPEN      82.4       1.5457      0.8123 
              10 AM      82.5       1.5480      0.8116 
               NOON      82.5       1.5497      0.8126 
               2 PM      82.9       1.5572      0.8087 
               4 PM      83.0       1.5577      0.8066 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

June 07, 2012 11:02 ET (15:02 GMT)

China lowers rates for the first time in four years. Not sure what Mr Ben is prattling on about today, nothing much or we'd see it above

Bernanke: Continue to Think QE Could Provide Some Economic Support
By Corey Boles and Kristina Peterson

WASHINGTON--Federal Reserve Board Chairman Ben Bernanke offered up a robust defense of the Fed's previous bond buying programs, and said that if the central bank embarked upon another round, it could provide "additional support" for the U.S. economy.

Testifying before the congressional Joint Economic Committee, Mr. Bernanke told lawmakers that the Fed's actions to buy more than $2 trillion in Treasury bonds and other government securities since 2009 had a significant impact on the weakened U.S. economy. He said that it had eased financial conditions, lowered mortgage interest rates and increased stock prices, which had increased wealth effects for consumers.

The Fed chief stressed that the Fed hadn't decided yet whether it would launch another round of bond buying, known as quantitative easing, or take other action to provide support for the economy.

Write to Corey Boles at corey.boles@dowjones.com

(END) Dow Jones Newswires

June 07, 2012 11:10 ET (15:10 GMT)

I think levels of interest are 1.56, 157 and target 1.61. hold 1.53 at the least to stabilise previous losses

LosEndos

>hold 1.53 at the least to stabilise previous losses.

So you think it won't go much below 1.53 in the next week or two (Weekend Close of 1.5465).

It seems to have a hard job at getting above 1.55 at the moment.

sabretoothtigger

Well Im really not sure. But I say 1.53 is a harder point to cross, I would expect sentiment to be very negative when doing so

So last I read was Mr King reconsidering more QE because public inflation expectations are already high.
That could explain why its stopped falling, Im not sure but really it involves building up a picture of whats driving it all. In theory its supposed to be linked to trade done, import and export demand but right now its definitely politics.

USA is as badly off as Greece in theory, in practise they are highly favoured. Ive read they have to pay off 6 trillion in the next year or so, they wont because they cant so they'll roll it over into new debt.
Thats like juggling anvils though, drastic things could happen.
When Halifax had to pay off 200bn over 1 year drastic things started to happened, they had a bad rep but thats the only big difference to me really

LosEndos

So the effect of the 100b bailout was errr. not alot.

Also spent some time trawling financial forums and the conclusions clearly splits along the following lines:

It will go up

It will go down

It will trade sideways.

Anyone got a three-sided coin….?

sabretoothtigger

Bailouts dont fix the system. If anything they make it worse, the money has to come from countrys which tax the economy.

Anyway its a classic pullback, it can still go up from here

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      82.6       1.5416      0.8086 
               OPEN      82.6       1.5551      0.8124 
              10 AM      82.8       1.5557      0.8095 
               NOON      82.9       1.5543      0.8083 
               2 PM      82.9       1.5546      0.8077 
               4 PM      82.9       1.5509      0.8066 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

June 11, 2012 11:02 ET (15:02 GMT)


Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      82.9       1.5509      0.8066 
               OPEN      82.9       1.5473      0.8069 
              10 AM      82.9       1.5501      0.8071 
               NOON      83.1       1.5528      0.8053 
               2 PM      83.1       1.5530      0.8044 
               4 PM      83.4       1.5546      0.8013 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

June 12, 2012 11:01 ET (15:01 GMT)

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      83.4       1.5546      0.8013 
               OPEN      83.1       1.5546      0.8043 
              10 AM      83.2       1.5574      0.8041 
               NOON      83.1       1.5563      0.8053 
               2 PM      83.0       1.5543      0.8069 
               4 PM      83.0       1.5583      0.8069 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

June 13, 2012 11:01 ET (15:01 GMT)

Reingold

I have a clarity card following advice, should I use this in the US for all my cash and spending and pay it off as I spend, or should I exchange cash here and take that with me, which will provide the best exchange rate?

4Chickens

Humph

I am planning to buy £1k USD and £200 CAD at the end of this month/early next month

I am crossing everything that the exchange rate at Thomas Cook gets to above 1.5 on the USD at least

sabretoothtigger

Whats the tourist rate today, am not sure what percentage they alter market prices by

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      83.4       1.5546      0.8013 
               OPEN      83.1       1.5546      0.8043 
              10 AM      83.2       1.5574      0.8041 
               NOON      83.1       1.5563      0.8053 
               2 PM      83.0       1.5543      0.8069 
               4 PM      83.0       1.5583      0.8069 
 
Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

June 13, 2012 11:01 ET (15:01 GMT)

jen_br

don't buy from thomas cook they don't have a great rate... I was getting 1.53-1.55 from ICE

jen_br

Im heading home to canada in 3 days! woot! thank god I have a US and a CAN account