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

Teachertim

Don't you think £ will come in for a battering today thanks to Mr Balls' worse than the depression warning !?

inspector_monkfish

Teachertim wrote: »

Don't you think £ will come in for a battering today thanks to Mr Balls' worse than the depression warning !?

Doesn't appear to so far.
He was only saying what the markets have known for weeks now. Plus Obama said a similar thing last night, regarding the state of the US! So we are all on a level playing field really - we both have bad economies!

glenandemm

is $1.50 looking likely today?

inspector_monkfish

not looking very friendly so far this morning i'm afraid chaps

drifted lower to 1.4760, and just bounced back to 1.4775

seems a bit nervous before the 9.30 Trade Balance figures....

inspector_monkfish

Good Trade Balance figures just announced.
Much better than estimated.

Last Month -8.33bln
This Month Estimated -8.10bln
This Month Actual -7.37bln

Lets see how that effects Cable.....

inspector_monkfish

steadily climbing for the past half hour - upto 1.4840 now

funkyfin2000

cornw offering a special for 1.51!!!!!

I am gonna buy £500 worth for a bit of insruance..

kizziedog

funkyfin2000 wrote: »

cornw offering a special for 1.51!!!!!

I am gonna buy £500 worth for a bit of insruance..

Who's cornw?

markelock

kizziedog wrote: »

Who's cornw?

crown (currency exchange)

inspector_monkfish

DJ MARKET TALK: EUR/GBP Buying Weighs On GBP/USD - Trader

1104 GMT (Dow Jones) EUR/GBP buying out of Europe is weighing on GBP/USD Tuesday, says a trader. EUR/GBP just printed the day's high of 0.8756 (low of 1.1421) up a penny on the day, while GBP/USD is struggling to stay above 1.48, that despite a good recovery in the euro and CHF against the greenback. (GST)