US ($) Currency Thread 1 (closed - use thread 2)

KayJ066

Im going to NYC in march, just hope the rate goes back up, i haven't bought any currency yet!

JMU-95

I have £500 sitting with Crown for delivery end February [at rate of $1.590]. Has there been any rumours of Crown going under?

Just wondering if I should leave it there for another 4 weeks? I think I would chance it unless I heard/read there were rumours of Crown going under.

Thoughts?

whatusername

JMU-95 wrote: »

I have £500 sitting with Crown for delivery end February [at rate of $1.590]. Has there been any rumours of Crown going under?

Just wondering if I should leave it there for another 4 weeks? I think I would chance it unless I heard/read there were rumours of Crown going under.

Thoughts?

Should be fine.

GBP doing very well today 1.437 currently

inspector_monkfish

inspector_monkfish wrote: »

hovering around 1.430 at moment

i'm off for a liquid lunch !!

mmmm... liquid is good !!

right, im back and just pawing through the figures from the US

looks like they were all alot worse than expected, (less goods sold, more people out of work) so it can only mean bad news for the Dollar and good news for the Pound

Cable (otherwise known as GBP/USD) has spiked up to 1.44 very very briefly about 10 mins ago, and now back to 1.4350

needs to get through that 1.4370 level and comfortably stay there for a while

neilbond007

yep. went down as quickly as it went up
below 1.43 again now..

let's hope it's just getting ready for another big push!!

inspector_monkfish

neilbond007 wrote: »

yep. went down as quickly as it went up
below 1.43 again now..

let's hope it's just getting ready for another big push!!

yep, its trying agin now
bounced off that important 1.4250 level nicely, and heading back north

1.4285 at mom

inspector_monkfish

flattened out this afternoon, trading between 1.4250 and 1.4330

member of BOE MPC speaking tonight (Blanchflower)
could be interesting to see what he has to say

ciao

inspector_monkfish

good morning

today Cable seems likely to rattle around between 1.4170 and 1.4340, with favour to the top side.

if it can break through 1.4340, and sustain the move, we should look to reach 1.4475, then possibly 1.4650



Blanchflower the MPC chap from BOE didn't really say anything last night that we don't already know, so didn't have any major effect on the markets.

cable currently at 1.4220

inspector_monkfish

UK figures just released show that there were more mortgages approved than expected, and alot more mortgages lent - 1.9billion in Dec, compared to 0.75billion in Nov (this is over 3 times a reuters survey, that actually predicted it would fall to 0.6billion)

this shows some confidence is coming back to the housing market

Cable has rocketed up to 1.4340, purely on the back of this info.
It is mounting a serious attack on this important level, and if it breaks through and stays there, we could be heading for the 1.4475 level

high for the week so far is 1.4411 (yesterday afternoon)

inspector_monkfish

...and then it collapsed back to 1.4290 !!