The £ looks to be at a 6 month high agaist the euro.

inspector_monkfish

wahey!
rallied up to 1.1765

Treadmill

Stirling is rallying because we'll be out of recession before the rest of Europe...

inspector_monkfish

Treadmill wrote: »

Stirling is rallying because we'll be out of recession before the rest of Europe...

what recession?

Treadmill

inspector_monkfish wrote: »

what recession?

Dunno myself, I'm feeling minted, the recession that the rest of the country is apparently in

inspector_monkfish

Treadmill wrote: »

Dunno myself, I'm feeling minted, the recession that the rest of the country is apparently in

oh thaaaaaat!
that just affects the menials i believe....;)

inspector_monkfish

1.1780 trading

inspector_monkfish

trading over 1.18 now.....

inspector_monkfish

09:56 15Jun09 IDEA-(GBP) EUR/GBP hits a new 6-month low at 0.8475

(GBP) EUR/GBP hits a new 6-month low at 0.8475, seen eyeing 0.8435/40 (2 Dec
low). Traders report EUR sentiment weighed by UK Daily Telegraph report that
the credit crunch in Germany is deepening.

---

10:01 15Jun09 RTRS-TRADE-WEIGHTED STERLING HITS 2009 HIGH OF 84.1 - BOE DATA
10:06 15Jun09 Trade-weighted sterling hits 2009 high

LONDON, June 15 - Sterling rose to its highest level of the year against a basket of currencies on Monday, boosted by its gains against a broadly weaker euro.

Trade-weighted sterling <=GBP>, which tracks the pound's value against a basket of currencies, rose to 84.1, its highest since mid-November.

The rise followed sterling's climb to its highest level of the year against the euro <EURGBP=R>, which comprises most of the currency basket.

inspector_monkfish

09:31 16Jun09 UK SEPT GILT FUTURES <FLGU9>, SHORT STG FALL AFTER HIGHER-THAN-EXPECTED MAY CPI DATA

09:32 16Jun09 STERLING EXTENDS GAINS, HITS SESSION HIGH $1.6394 VS DOLLAR <GBP=D4> AFTER UK CPI DATA

09:43 16Jun09 Sterling hits day's high vs dollar after UK CPI data
LONDON, June 16 - Sterling extended gains on Tuesday, hitting a session high against the dollar and rising close to its highest level for the year against the euro after figures showed UK inflation fell less than expected.
The UK's annual consumer price index fell to 2.2 percent in May from 2.3 percent in April. Although this was the lowest year-on-year rate since January, it was above forecasts for a bigger fall to 2.0 percent. [ID:nONS004294].
Sterling jumped to a session high of $1.6414 against the dollar <GBP=D4>, up 0.6 percent on the day, from $1.6352 just before the data.
The euro fell as low as 84.47 pence <EURGBP=R>, close to Monday's 2009 low of 84.45 pence. Just before the data it was trading at around 84.77 pence.
Sept gilt futures <FLGU9> fell to stand just 2 ticks up on the day at 116.33, having traded 18 ticks higher at 116.48 before the data. Sept short sterling fell two ticks to 98.76, while the December contract extended losses by 4 ticks to 98.45.
Britain's FTSE 100 <.FTSE> briefly edged higher after the data, but by 0833 GMT was up 0.1 percent at 4,331.90, slightly lower than before the data.

Nylontokyo

novazombie wrote: »

So whats the future looking like for the pound? After all this queasing.........

Short term the pound is prob the safest of them all.

Long term its going down.

Who knows what will replace the $, maybe this new world money system that China wants. That wont be good news for for the GBP.