US ($) Currency Thread 2

sabretoothtigger

Nice bounce here, looking for it to top out now unless Sterling is alot more positive then I realise (possible with recent +GDP)

Sterling Index At 1600 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 83.7 1.6082 0.8070
 OPEN 83.8 1.6091 0.8063
 10 AM 83.8 1.6113 0.8066
 NOON 83.8 1.6116 0.8070
 2 PM 83.8 1.6112 0.8062
 4 PM 83.9 1.6110 0.8043

October 31, 2012 12:01 ET (16:01 GMT)

Wildly speculating, if we had a series of gains for UK like we got after our last election then it could mean we are just beginning a great rise.

It might tie into the USA election, just 1 possible scenario but my personal view Im not expecting this to happen

pollypenny

Crossing fingers for next week - been putting off ordering, but have to get moving.

sabretoothtigger

Sterling Index At 1600 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 83.9 1.5982 0.8010
 OPEN 83.8 1.6028 0.8029
 10 AM 83.8 1.6009 0.8020
 NOON 83.9 1.5996 0.8011
 2 PM 83.9 1.5965 0.7990
 4 PM 84.1 1.5987 0.7978

November 07, 2012 11:00 ET (16:00 GMT)

Late Spot Sterling Rates In London
Current Bid-Ask Previous --------------- -------- 
U.S.A. 1.5982-1.5985 1.5974-1.5978
 Euro 1.2470-1.2469 1.2490-1.2491
 Switzerland 1.5058-1.5067 1.5068-1.5078
 Japan 128.28-128.37 128.06-128.17
 Canada 1.5876-1.5887 1.5916-1.5925 
Norway 9.1355-9.1435 9.1526-9.1605
 Sweden 10.6859-10.6942 10.6832-10.6918
 Denmark 9.3009-9.3057 9.3147-9.3193

November 07, 2012 11:00 ET (16:00 GMT)

sabretoothtigger

Sterling Index At 1600 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 83.8 1.5892 0.7998
 OPEN 83.7 1.5891 0.8012
 10 AM 83.7 1.5899 0.8019
 NOON 83.6 1.5869 0.8029
 2 PM 83.6 1.5865 0.8029
 4 PM 83.5 1.5844 0.8034

 November 14, 2012 11:00 ET (16:00 GMT)

Late Spot Sterling Rates In London
Current Bid-Ask Previous --------------- --------
 U.S.A. 1.5883-1.5887 1.5867-1.5871
 Euro 1.2491-1.2493 1.2483-1.2482
 Switzerland 1.5039-1.5048 1.5040-1.5050
 Japan 126.12-126.22 126.01-126.10
 Canada 1.5905-1.5915 1.5866-1.5876
 Norway 9.1542-9.1615 9.1163-9.1241
 Sweden 10.7644-10.7728 10.7183-10.7268
 Denmark 9.3135-9.3183 9.3073-9.3118

Without regaining an upside of 1.59 as support the downside could be as low as 1.573
Though year end could start to be a catalyst or these US congress talks, who knows how this works (or doesnt!)

jen_br

Well election time is always fun for the exchange rate... someoen should just put a blindfold on pick some numbers lol

sabretoothtigger

Sterling Index At 1600 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 83.4 1.6028 0.8114
 OPEN 83.4 1.6039 0.8126
 10 AM 83.4 1.6050 0.8126
NOON 83.5 1.6050 0.8118 
2 PM 83.5 1.6084 0.8116
 4 PM 83.6 1.6096 0.8121

 December 03, 2012 11:02 ET (16:02 GMT)

Top price is resistance

Without regaining an upside of 1.59 as support

We done well since and now its got hurdles in the way. 1.617 target up, same support below

sabretoothtigger

Late Spot Sterling Rates In London

Current Bid-Ask Previous --------------- -------- 
U.S.A. 1.6099-1.6103 1.6064-1.6068
 Euro 1.2394-1.2393 1.2426-1.2427
 Switzerland 1.5023-1.5033 1.4985-1.4996
 Japan 132.67-132.76 132.29-132.39
 Canada 1.5884-1.5893 1.5855-1.5866
 Norway 9.0986-9.1063 9.1111-9.1195
 Sweden 10.6903-10.6982 10.7486-10.7576
 Denmark 9.2432-9.2478 9.2670-9.2718

 December 12, 2012 11:00 ET (16:00 GMT)

Sterling Index At 1600 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 83.8 1.6104 0.8072
 OPEN 83.8 1.6100 0.8077
 10 AM 83.9 1.6132 0.8067
 NOON 83.9 1.6142 0.8070
 2 PM 83.9 1.6143 0.8077
 4 PM 83.7 1.6117 0.8091

 December 12, 2012 11:01 ET (16:01 GMT)

sabretoothtigger

Fairly big blip up today. Overhead target is about 1.635 if all should continue to be jolly, apparently market likes usa news on fiscal negotiations progressing

Sterling Index At 1600 GMT
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 83.8 1.6198 0.8125
 OPEN 83.8 1.6204 0.8125
 10 AM 83.8 1.6222 0.8122
 NOON 83.7 1.6203 0.8134
 2 PM 83.8 1.6212 0.8128
 4 PM 83.8 1.6247 0.8132

December 18, 2012 11:00 ET (16:00 GMT)

Late Spot Sterling Rates In London
Current Bid-Ask Previous --------------- --------
 U.S.A. 1.6200-1.6204 1.6135-1.6140
 Euro 1.2303-1.2304 1.2286-1.2287
 Switzerland 1.4859-1.4868 1.4835-1.4846
 Japan 135.58-135.68 134.73-134.83
 Canada 1.5940-1.5950 1.5906-1.5918
 Norway 9.0805-9.0884 9.0696-9.0807
 Sweden 10.7573-10.7661 10.7638-10.7725
 Denmark 9.1771-9.1817 9.1658-9.1691 

 December 18, 2012 11:00 ET (16:00 GMT)

jackieblack

If no agreement is reached and US goes over the 'fiscal cliff' what, if any, effect should we expect on the £/$ exchange rate?
Or has this already been factored in to recent rates?

sabretoothtigger

This is more opinion then anything but my reckoning is after a bit of white water it'll not alter much. The debt ceiling debate does have the power to stop all further government borrowing but I figure they are banging the drum but not actually going to do anything dramatic

A deal will probably occur at some point, the main dynamics (for change to status quo) are not highlighted

The fiscal cliff thing is more a headline or political mud slinging ammo then anything else. Like they keep saying austerity, we are spending more every day, more debt and increasingly bigger amounts so how did it get labelled as less.
The 'fiscal cliff' involves them taxing like 2005 or something, they probably should tax less but they cant agree how, its more of a step I think

We are tied to USA so if they dont do well, its more complicated then to expect sterling to rise. Also markets dont make sense now, fiscal cliff is causing usa debt prices to rise which helps them even more.
Over 10 years I expect sterling to rise but only if we find someone richer to trade with and/or secure our own debt problems

USA has its debt on a 4 year maturity and UK 13 years to refinance on average, hence any crash as such will not be scheduled but a result of underlying unsecured liabilities




Sterling is at the same horizon peak its kept since it fell in 2008. A breakout upwards here would be nice to see otherwise its more of the same