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

jackieblack

inspector_monkfish wrote: »

ok, looks like we are ending the week at the 1.4415 level
not a bad week!

gotta feeling its going to fly next week... looking 1.50.... all aboard !!

Bank of England rate decision on Thursday also
prob going to cut it from 1.50% to 1.00%

I really hope you're right.... keeping everything crossed!!!!!

spitfirebbmf

Against the dollar, the pound erased earlier falls after UK data showed mortgage lending rose more than three times as fast as expected in December, along with a surprise increase in home loan approvals, the pound was steady at $1.43 after the solid UK data helped it erase earlier falls. Sterling continues to trade well above the 23-year low around $1.35 hit last week as many considered these falls were overdone.
Speaking on Thursday, Bank of England policymaker David Blanchflower described himself as "bullish" on the pound, which he said was undervalued in a speech on Thursday.

glenandemm

with the boe probably gonna drop rates again next week will this affect the pound rate or has it already been speculated and wont really affect the rate?

spitfirebbmf

glenandemm wrote: »

with the boe probably gonna drop rates again next week will this affect the pound rate or has it already been speculated and wont really affect the rate?

It has most probably been factored into the price it will have some effect but not a lot.

dealsearcher

So if the BOE didn't drop rates next week the pound may continue to recover?

A rate drop is unlikely to help borrowers because their real interest rates are not falling. Mortgage collars, increased fees and the high inter bank rate are seeing to that.

glenandemm

could you imagine if the boe came out next week and said theyre leaving the rates the same,maybe that would have a better result on our economy?

neilbond007

ok. so what's happened this morning? Surely this can't be blamed on the snow?

whatusername

Hovering around the 1.423 mark.

whatusername

It's taking a dip today, expect it to drop below 1.40 before lunch. FTSE aint doing much better today.

Cade_Foster

I would imagine all the strikes probably arent helping eithier.