US ($) Currency Thread 2

inspector_monkfish

07:31 09Jul09 GBP/USD: Pushing Recovery Envelope, Offers Tipped pre-1.6140

[06:30 GBP/USD: Pushing Recovery Envelope, Offers Tipped pre-1.6140] London, July 9.

Cable has pushed its recovery envelope from yesterday"s one-month low of
1.5983 to a high of 1.6128 in early European trade, as the risk-sensitive pound
benefits from positive Dow futures (currently up 38 points). The Dow closed up
0.18% at 8,178 yesterday. GBP/USD offers are touted ahead of 1.6140 (yesterday"s European morning intra-day high), with buy stops tipped above that level.

Yesterday"s drop to 1.5983 was fuelled by GBP/JPY selling (to seven-week lows circa 146.75). 1.5985 was the June 9 GBP/USD low. Sell stops reportedly reside below 1.5965 (Ichimoku cloud top). 1.6000 and 1.5975 option strikes roll off at today"s 10am Eastern NY cut (14:00GMT).

Five members of the Times MPC recommend that the BoE halts its QE Asset
Purchase Programme "for now", as soon as it completes its present GBP 125bn of planned purchases. The consensus expectation is that the MPC will up the
cumulative size of its APP by GBP 25bn to its existing GBP 150bn ceiling at
11:00GMT today. There is also speculation that the BoE might request an upping of the APP ceiling beyond GBP 150bn--to GBP 200bn, GBP 250bn or GBP 300bn.

Nationwide Building Society has introduced a UK mortgage allowing borrowers
to take loans worth 125% of the value of the home they are buying--but it will
only be available to existing customers in negative equity who want to move house (BBC website).

inspector_monkfish

trading at 1.6165 now

inspector_monkfish

1.6200 trading now

inspector_monkfish

QE left unchanged at 125bn quid
Rates left on hold at 0.50%

all good for GBP - its gone through the roof, upto 1.6255

neilbond007

inspector_monkfish wrote: »

what happened with the 'gay' thing sturll ?

Yeah, i want to hear this one too

looks like a good day! 1.6254

joshtbh

hi, where's the best place to buy dollars from please if I want it in cash delivered to me?

thanks.

neilbond007

joshtbh wrote: »

hi, where's the best place to buy dollars from please if I want it in cash delivered to me?

thanks.

crown currency exchange is a pretty popular place

joshtbh

wow that does look a good place. Has anyone had any problems with them not honouring the future rates like they do?

neilbond007

joshtbh wrote: »

wow that does look a good place. Has anyone had any problems with them not honouring the future rates like they do?

I haven't used them. I've seen a number of people who have been happy with them. I've yet to see anyone complain.
If you put "Crown Currency Exchange" in the search box you'll see a number of entries for them.

inspector_monkfish

1.6260 trading this mng