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

inspector_monkfish

pushing up to 1.4625

johna999

inspector_monkfish wrote: »

pushing up to 1.4625

Its really jumped today... Can you think of a reason why? No new figures, the normal talk over the weekend on QE I would have thought would have caused a fall.... Only thingf I can think of is government annoiuncing northern rock to pump in £14bn of new mortgages over the next couple of years or so.

inspector_monkfish

johna999 wrote: »

Its really jumped today... Can you think of a reason why? No new figures, the normal talk over the weekend on QE I would have thought would have caused a fall.... Only thingf I can think of is government annoiuncing northern rock to pump in £14bn of new mortgages over the next couple of years or so.

10:44 23Feb09 GBP seeing good demand this morning

(GBP) GBP seeing good demand this morning with cable rallying around 1% to
1.4650 and EUR/GBP down almost 1.6% at 0.8760, though traders unable to point to any clear factor behind the move. Some suggest is it being driven by ongoing short-covering in cable following the sharp rally Friday, others are suggesting it may be linked to talk that RBS to be split into 'good bank' and 'bad bank' while others talk of 'good demand' from M.E reserve managers.

inspector_monkfish

pushing through 1.4650 right now....


next resistance level is 1.4705

neilbond007

without your regular updates last week fishy i started studying the "experts" a little more..
everytime they said the £ was in for a bad day, it gained... and vice versa. so i've given up reading and just watch the rate with my fingers crossed... seems to be as good a way as any!

missmom

Sorry, are these the bank rates, or can I actually make an exchange at 1.465?

Leothecat

Yes, I would be keen to know where I can get this rate please?
Am flying out in May - don't know what to do.......... HELP!

M4RKM

missmom wrote: »

Sorry, are these the bank rates, or can I actually make an exchange at 1.465?

these are the bank rates which change a lot throughout the day.

the tourist rates, the best i can find right now, if you were to change money today is $1.435 which is in London.

I've just bit the bullet and bought mine today at $1.412, but i'm flying out in a week and i wanted $1.40..

it'll be sods law it'll be $1.43 tomorrow as a general exchange rate - https://www.no1currency.com is who i use.

neilbond007

i use this link to see rates available -
http://www.comparetravelmoney.co.uk/index.asp?sort=USD&#compare

some of these are for delivery in the future however

inspector_monkfish

missmom wrote: »

Sorry, are these the bank rates, or can I actually make an exchange at 1.465?

no, these are interbank market trading rates