US ($) Currency Thread 2

jackieblack

sabretoothtigger wrote: »

Overall its still positive above 1.51. It was looking very negative, now its once again sideways, neutral

:rotfl:
They're really only guessing, aren't they.... :D

robrymond

Typical...changed some money when it was 1.52 hoping for a rise...and now it is 1.49 with Caxton. First time to US since 2005...typical!

sabretoothtigger

jackieblack wrote: »

:rotfl:
They're really only guessing, aren't they.... :D

Sure, theres too many factors to work it out and its very manipulated. Producing money is the center of politics even though they give very little in exchange.
My guess is Japan is the biggest influence now and that is helping Dollars to stay high.
They have a big link, weak Yen tends to go there first I think


Not sure it helps but here is Dollar index in the last few years. In 2000 it was 120 and (not shown here) its 84 now so its not only UK which has lost value

sabretoothtigger

Sterling Index At 1500 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 79.9 1.5045 0.8560
 OPEN 79.9 1.5031 0.8539
 10 AM 79.9 1.5069 0.8556
 NOON 80.0 1.5087 0.8542
 2 PM 79.9 1.5067 0.8560
 4 PM 79.8 1.5065 0.8564

May 23, 2013 11:02 ET (15:02 GMT)

jackieblack

sabretoothtigger wrote: »

Sterling Index At 1500 GMT
 
(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 79.9 1.5045 0.8560
 OPEN 79.9 1.5031 0.8539
 10 AM 79.9 1.5069 0.8556
 NOON 80.0 1.5087 0.8542
 2 PM 79.9 1.5067 0.8560
 4 PM 79.8 1.5065 0.8564
 
May 23, 2013 11:02 ET (15:02 GMT)

I don't know what else to say. Just

:(:(:(:(:(:(:(:(:(:(:(

sabretoothtigger

Every dog has its day
This is a place to be optimistic. Sterling is obviously disappointing weak vs dollar but its not gone to a new low.

Its rebounded from 1.5 quite cleanly, close the week here and despite appearance that is not so bad. Conversely at 1.61 if it should ever get there (or 1.56 midterm) we should then presume the worst and it'll plummet, markets play with people hopes.

Breach 1.5 and its all doom:p :laugh:

Sterling Index At 1500 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 79.8 1.5065 0.8564
 OPEN 79.9 1.5095 0.8570
 10 AM 79.8 1.5116 0.8586
 NOON 79.9 1.5118 0.8571
 2 PM 79.9 1.5095 0.8566
 4 PM 80.1 1.5140 0.8540 

 May 24, 2013 11:02 ET (15:02 GMT)

http://uk.finance.yahoo.com/news/weak-pound-sends-holiday-costs-soaring-115333045.html

sabretoothtigger

It's up 4 cents in a fortnight, this dog aint done yet :cool2:

Sterling's rare superiority in the “fundamentals is seen in the charts of the global PMIs for manufacturing and services. For the first time in over 5 years, UK PMIs in both services and manufacturing have surpassed those of the US, China, Eurozone and Germany

https://go.madmimi.com/redirects/1370552118-b8c4ac0d7090a9fa1471e7e4498935e4-9703ee6?pa=451834648673833667

Sterling Index At 1500 GMT

(JAN 2005=100) INDEX GBP/USD EUR/GBP
 PREVIOUS CLOSE 80.9 1.5392 0.8502
 OPEN 81.1 1.5440 0.8499
 10 AM 81.1 1.5445 0.8497
 NOON 81.1 1.5449 0.8487
 2 PM 81.1 1.5457 0.8507
 4 PM 81.2 1.5523 0.8500 

June 06, 2013 11:00 ET (15:00 GMT)

Late Spot Sterling Rates In London

Current Bid-Ask Previous --------------- --------
 U.S.A. 1.5389-1.5394 1.5301-1.5305
 Euro 1.1759-1.1758 1.1703-1.1703
 Switzerland 1.4499-1.4508 1.4510-1.4519
 Japan 152.58-152.68 153.23-153.32
 Canada 1.5916-1.5928 1.5830-1.5839
 Norway 8.9369-8.9449 8.8929-8.9004
 Sweden 10.1489-10.1570 10.0500-10.0579
 Denmark 8.7637-8.7689 8.7228-8.7274 

(15:00 GMT)

pollypenny

Woke on Monday to hear that the pound is likely to fall by 15% against the pound. We bought our dollars! Now it's gone up 10 cents.

neilbond007

pollypenny wrote: »

Woke on Monday to hear that the pound is likely to fall by 15% against the pound. We bought our dollars! Now it's gone up 10 cents.

Come on now. You should know better than to listen to the "experts"!

pollypenny

The trouble is that OH is maintaining that he didn't hear it! He was lying beside me, listening to the Today programme.

How are things, Neil? Bet the girls are busy now!

We have a new grandson and they have moved from lovely Florida to cold New Jersey!

Going to see them at end of month.