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

Blink_Eden

All the cities boys stayed in bed because they commute from to far to get in. What happens if 50% of these people don't make it in?

inspector_monkfish

bad day for gbp today so far....

nasty figures released earlier this morning regarding PMI
Barclays downgraded
further house price warnings

but there should be strong support at 1.4185

currently 1.4225

inspector_monkfish

Blink_Eden wrote: »

All the cities boys stayed in bed because they commute from to far to get in. What happens if 50% of these people don't make it in?

trust me we are (almost) all here!!!!

only those from south of the river appear to have struggled...

we all get on soooo early, we were ptretty much unaffected - its the lazy 9am starters that have had problems...

just not sure i'll be able to get home yet though!!

inspector_monkfish

inspector_monkfish wrote: »

bad day for gbp today so far....

nasty figures released earlier this morning regarding PMI
Barclays downgraded
further house price warnings

but there should be strong support at 1.4185

currently 1.4225

gone through the 1.4185 support level

its not looking good
next decent support is right down at 1.4070 if it can't get back above 1.4185..........

trading at 1.4165 at mom

more US figures due out at 1.30pm

inspector_monkfish

and if it falls through that, next support is 1.4020, and then 1.3910 :eek:

lisaloo1977

Bummer, i had been loving the positive reports of late last week from you monkfish!!!!

Hope it picks up soon, i am heading to US in March for 3 weeks!!! You had been cheering me up no end before.

Ps) Hope you manage to get home ok.

whatusername

Been holding around 1.415 for a while now.

Caligirl_3

Hi all,

Hope you're all smiling through the snow, strikes and sterling slips. Am trying to keep my chin up, but it's very trying isn't it thank to Gordon Bennett - I mean, Brown! :mad:

I'm off to the US in a couple of weeks' time to work for a month and would appreciate your advice guys.

I see on Martin's cheap travel money thread that he advises using either a no fee CC and/or no fee debit card (Nationwide) to make purchases and withdraw cash fee free abroad.

Considering the pound seems to be falling again - and the BOE will make their latest announcement this week do think it's more worth my while buying some dollars with cash here? Surely if the pound drops further I will get a worse rate via my CC and debit card? Or are the market rates a LOT higher than tourist rates?

Simply put, should I buy dollars now or will I still be better solely using my foreign fee-free CC for purchases and Nationwide account card for cash withdrawals?

Thanks in advance for your advice.

Inspector Monkfish - I love your moniker by the way!

spitfirebbmf

Sterling plunged against the dollar and euro pressured by Moody's downgrade on Barclays, weak UK data, and the prospect of another Bank of England interest rate cut this week. Investors dumped the currency as the U.K. banking fears gripped the market, swiftly reversing last week's strong gains, when sterling enjoyed its biggest weekly percentage gains against the dollar in over 20 years.
"Negative headlines on the domestic banking sector in the UK are weighing on sterling against the G10 crosses," said Dustin Reid, senior currency strategist, at RBS Global Banking and Markets in Chicago.
Concerns on the financial sector, he added, may prompt the "Bank of England to cut interest rates by more than expected."
Markets expect the BoE to cut interest rates to another historic low at 1.0 percent on Thursday, from the current 1.5 percent.
By 1511 GMT, the pound fell 2.0 percent to $1.4203 . It hit a session low at $1.4053 earlier, well below last week's levels when it hit its highest since January 19 at $1.4527.

neilbond007

seems to be finding some legs again now... touching 1.43