US ($) Currency Thread 2

pollypenny

whatusername wrote: »

Wow, does this thread still exist? Over 18 months since I last posted. I see we still have Neil Bond and Jackie Black regualrly, how are we all.

I see the rate is almost unchanged in 2 years

Yes, but we've lost the inimitable Inspector Monkfish!

Does anyone know why?

sabretoothtigger

CHARTING MARKETS: The Sterling Prize Is a New 2012 Low vs USD
-- Sterling is going for a new 2012 low, $1.5275

-- Resistance is $1.5458


By Stephen Cox, CMT

Cable, which sold off this session, is likely to extend its downtrend to the trough of the year.

June's counter trend move fell apart on June 21 when sterling fell below $1.56332. The move, as I calculate it, implied initial support in the $1.54586-$1.54504 technical band.

I don't consider sterling to be decisively below $1.54504 now; it's trading at $1.54174. The intraday low is $1.53934.

On the other hand, recent news hasn't been in sterling's favor.

Observers note that the Bank of England may be pressed to cut rates to stay in line with the European Central Bank and the Bank of Japan, a move that the BOE has so far resisted for some time.

In any case, sellers who deem that sterling is vulnerable can expect an eventual test of support at $1.52758. The current year's low is $1.52350, the January low.

It's likely that new 2012 lows will follow.

Take profit at the June low, $1.52690.

(This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.)

Write to Stephen Cox

July 12, 2012 15:41 ET (19:41 GMT)



That index figure is higher not from dollars but Euros. This is the best rate for Euros that UK has had in 4 years

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      83.5       1.5404      0.7910 
               OPEN      83.6       1.5427      0.7904 
              10 AM      83.6       1.5443      0.7902 
               NOON      83.6       1.5447      0.7901 
               2 PM      83.9       1.5462      0.7869 
               4 PM      84.0       1.5546      0.7876 
 

July 13, 2012 11:02 ET (15:02 GMT)

Sterling Index At 1300 GMT

 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      84.2       1.5624      0.7850 
               OPEN      84.3       1.5658      0.7848 
              10 AM      84.3       1.5654      0.7841 
               NOON      84.3       1.5685      0.7843 
               2 PM      84.6       1.5710      0.7812 
               4 PM 
July 19, 2012 09:01 ET (13:01 GMT)


Sterling Index At 1100 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      84.5       1.5527      0.7783 
               OPEN      84.5       1.5496      0.7783 
              10 AM      84.1       1.5483      0.7834 
               NOON      84.1       1.5502      0.7835 
               2 PM 
               4 PM 
 
July 25, 2012 07:00 ET (11:00 GMT)

Sterling Index At 1500 GMT

 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      84.2       1.5714      0.7873 
               OPEN      84.5       1.5699      0.7820 
              10 AM      84.5       1.5689      0.7819 
               NOON      84.6       1.5708      0.7807 
               2 PM      84.5       1.5687      0.7806 
               4 PM      84.6       1.5695      0.7800 
 

July 30, 2012 11:01 ET (15:01 GMT)

Sterling Index At 1500 GMT
 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      84.6       1.5695      0.7800 
               OPEN      84.5       1.5713      0.7810 
              10 AM      84.4       1.5686      0.7815 
               NOON      84.3       1.5686      0.7829 
               2 PM      84.2       1.5669      0.7848 
               4 PM      84.1       1.5670      0.7860 
 


July 31, 2012 11:02 ET (15:02 GMT)
Sterling Index At 1500 GMT

 
      (JAN 2005=100)     INDEX      GBP/USD     EUR/GBP 
     PREVIOUS CLOSE      83.3       1.5616      0.7950 
               OPEN      83.2       1.5577      0.7953 
              10 AM      83.4       1.5618      0.7948 
               NOON      83.5       1.5655      0.7932 
               2 PM      83.6       1.5665      0.7927 
               4 PM      83.5       1.5650      0.7937 
 

Contact London Newsroom, Dow Jones Newswires; +44-20-7842-9376

(END) Dow Jones Newswires

August 07, 2012 11:00 ET (15:00 GMT)

funkeii

Hi there

Thanks for the great posts and contibutions so far....

We are going to the US doing a trip: LAS VEGAS, SAN FRANCISCO, WEST COAST - L.A - 13 nights total on 30th August 2012.

We need to pay for hotels when we get there, car hire, petrol, excursions, food, etc

What do you think is the best option for us???

We plan on taking altogether £3000 to cover things - but we are just not sure which cards to get? and whether or not to get cash too??

Any advice much appreciated....

Kath

jackieblack

funkeii wrote: »

Hi there

Thanks for the great posts and contibutions so far....

We are going to the US doing a trip: LAS VEGAS, SAN FRANCISCO, WEST COAST - L.A - 13 nights total on 30th August 2012.

We need to pay for hotels when we get there, car hire, petrol, excursions, food, etc

What do you think is the best option for us???

We plan on taking altogether £3000 to cover things - but we are just not sure which cards to get? and whether or not to get cash too??

Any advice much appreciated....

Kath

http://www.moneysavingexpert.com/travel/cheap-travel-money

You may have left it a bit late to get 'best buy' cards (if you don't already have them) if you're off in two weeks

US_Mom

Sorry if this is not quite travel but it is currency and $s - I am in the US and my son will be studying at the University of Glasgow for his degree. He will be opening a UK account (suggestions welcome - he is not eligible for all the student specials) and am trying to figure out the cheapest way to transfer money to him. Wires are pricey (it was $150 for £2000 for his down payment) and looked at PayPal - .5% fee but then they mark up the exchange rate 2.5% which adds up quickly. THANKS

sabretoothtigger

Wrong thread , this is just the market rate thread. You want to find the best tourist rate and cost which is something else really. I have no idea who is the best deal, clarity credit card is good for spending yourself?

Sterling Index At 1100 GMT

(JAN 2005=100)  INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE  84.3 1.5742 0.7853
 OPEN 84.1 1.5721 0.7869 
 10 AM 84.1 1.5718 0.7869
 NOON 1.5697 2 PM 4 PM

Sterling Index At 1500 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 84.2 1.5812 0.7904
 OPEN 84.1 1.5787 0.7924
 10 AM 84.1 1.5821 0.7930
 NOON 84.1 1.5839 0.7944
 2 PM 84.2 1.5883 0.7941
 4 PM 84.2 1.5882 0.7937


Late Spot Sterling Rates In London

Current Bid-Ask Previous --------------- --------
 U.S.A. 1.5797-1.5800 1.5836-1.5841
 Euro 1.2639-1.2638 1.2632-1.2632
 Switzerland 1.5174-1.5182 1.5166-1.5176
 Japan 124.06-124.15 124.65-124.75
 Canada 1.5676-1.5686 1.5636-1.5648
 Norway 9.1895-9.1968 9.2262-9.2351
 Sweden 10.5667-10.5742 10.5422-10.5514
 Denmark 9.4140-9.4186 9.4101-9.4156

Sterling Index At 1300 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
CLOSE 83.8 1.6246 0.8093
OPEN 83.8 1.6222 0.8088 
10 AM 83.9 1.6228 0.8074 
NOON 83.9 1.6235 0.8081
2 PM 84.0 1.6246 0.8075

September 17, 2012 09:01 ET (13:01 GMT)

sabretoothtigger

Sterling Index At 1300 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 84.5 1.6255 0.7990
 OPEN 84.5 1.6224 0.7980
 10 AM 84.5 1.6199 0.7966
 NOON 84.6 1.6201 0.7966
 2 PM 84.5 1.6192 0.7971

jen_br

woot nice to see it in the 1.60's

sabretoothtigger

Its done well, it now needs to beat last weeks highs soundly. Its most likely to fall back, 1.60 would still be positive

Kayleigh09

Hey,

Can anyone advise on the best rate going for USD at the moment and the best place to get them? Off to the states Friday and American Express and picking up from the airport seems to be the best rate?

Also, would anyone advise just going to the States and then just pulling out $'s when I get there from an ATM? I am off to stay with a friend so won't be needing a lot of cash. Just wondering which would work out best!

Thanks!