US ($) Currency Thread 2

inspector_monkfish

15:31 12Jun09 GBP/USD: Consolidating Losses, Raft of UK Data Next Week

[14:30 GBP/USD: Consolidating Losses, Raft of UK Data Next Week] London, June 12.

Cable is consolidating losses from an early Europe high of 1.6587 ahead of the 4pm BST London fix, having been weighed down by pre-weekend profit-taking on long positions. Sterling plumbed a 13-day low of 1.5803 at the start of this week, on the back of Labour"s European election woe. M&A-related demand for GBP (and GBP call/USD put options) helped fuel the ensuing surge to an 8-day high of 1.6622 (yesterday). 1.6600 was today"s Asian session top.

1.6330 was the two-day low plumbed shortly before the 12:30GMT disclosure of May"s US import price index, following German name selling. 1.6241 was Wednesday"s base (plumbed during the NY afternoon).

BoE Chief Economist Spencer Dale says that inflation targeting should be retained as a policy tool but that it needs "enhancing" (Reuters). The BoE MPC"s mandate is to keep annualized UK CPI inflation within 1.0% (plus/minus) of a 2.0% target level. UK inflation figures for May will be unveiled next Tuesday. Annualized CPI is forecast to fall to the 2.0% target level, from 2.3% in April.

sturll

Hi,

Does anyone know when the best time to buy my currency will be?

Ive been watching the BBC News and even Sky News and both say the pound is doing great against the dollar. So its a really straight forward question - Should i buy now or wait...

neilbond007

We're having our friday afternoon spurt!
Back over 1.65!!

inspector_monkfish

sturll wrote: »

Hi,

Does anyone know when the best time to buy my currency will be?

Ive been watching the BBC News and even Sky News and both say the pound is doing great against the dollar. So its a really straight forward question - Should i buy now or wait...

my advice to you would be to change it all into Latvian Lats
its the future y'know..;)

sturll

inspector_monkfish wrote: »

my advice to you would be to change it all into Latvian Lats
its the future y'know..;)

Ill tell you whats not the future.

Vietnamese Dong - Ive lost about half a million in fluctuations since i bought it.

inspector_monkfish

sturll wrote: »

Ill tell you whats not the future.

Vietnamese Dong - Ive lost about half a million in fluctuations since i bought it.

its not as bad as Thai C0ck...

never know what you are gonna get with that......:eek:

sturll

inspector_monkfish wrote: »

its not as bad as Thai C0ck...

never know what you are gonna get with that......:eek:

:rotfl:

Why am i thinking your on about something else!

inspector_monkfish

sturll wrote: »

:rotfl:

Why am i thinking your on about something else!

hehehe
you started it !!;)

whatusername

Morning all, cable currently at 1.6395

inspector_monkfish

1.6355 now

morning all