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

dealsearcher

glenandemm wrote: »

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?

Yes

http://www.fool.co.uk/news/your-money/2009/02/03/another-base-rate-cut-may-not-help.aspx?source=uemfoleml0010038

whatusername

1.4388 so far this morning

whatusername

A few friends and I had a chat last night and reckoned rather than the BOE cut rates again but if they even put them up by a 1/4 of 1% then maybe people would start to think we are turning the corner and send out it would look as if we are seeing some positive signals for a change. Weather true or untrue it may see people spending etc again if they think the tide is turning.

neilbond007

whatusername wrote: »

A few friends and I had a chat last night and reckoned rather than the BOE cut rates again but if they even put them up by a 1/4 of 1% then maybe people would start to think we are turning the corner and send out it would look as if we are seeing some positive signals for a change. Weather true or untrue it may see people spending etc again if they think the tide is turning.

as long as the $ goes up i don't really care how they go about it!

it'll be a long day without our resident expert, IM, on the case. so many questions. The first of which is - where are my trousers?

glenandemm

whatusername wrote: »

A few friends and I had a chat last night and reckoned rather than the BOE cut rates again but if they even put them up by a 1/4 of 1% then maybe people would start to think we are turning the corner and send out it would look as if we are seeing some positive signals for a change. Weather true or untrue it may see people spending etc again if they think the tide is turning.

thats a very good idea, i was thinking the same thing myself,i can only see things getting worse if the rates are lowered but if you kept them the same or put them back up slightly it would send out a message that things are starting to turn?
anyway come on 1.45 today!!!

whatusername

Ok as it stands 1.4404, unsure of current support/resistance levels but indications from the eervice sector PMI are good so it should climb again today.

Fingers crossed.

whatusername

Should add that the PMI results may assist the BOE in their rate decision. It's better than expected so maybe there won't be a rate cut.

Need to watch the other factors today.

glenandemm

when is the boe announcement due on current rates?

whatusername

Tomorrow, heres hoping for the right news

whatusername

It's been hovering from 1.438 - 1.449.

It needs a push over the 1.449.