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

haziec

jackieblack wrote: »

So he's saying the weak pound is a good thing!?!

Thats the main bit I noticed Jackie !
bit worrying

inspector_monkfish

HAZIEC wrote: »

Thats the main bit I noticed Jackie !
bit worrying

look at the long term picture...


what he is saying is a weak pound NOW, could reap benefits for our economy in the future.....

jackieblack

inspector_monkfish wrote: »

look at the long term picture...


what he is saying is a weak pound NOW, could reap benefits for our economy in the future.....

But I'm going on holiday in less than 6 weeks! At the moment I'm more interested in the short term!:D

inspector_monkfish

11:00 24Feb09 -UK Feb CBI sales balance much higher than expected

LONDON, Feb 24 (Reuters) - British retail sales fell at a much slower pace than expected in February but retailers are shedding staff at a record pace, a survey showed on Tuesday.

The Confederation of British Industry's distributive trades survey balance rose to -25, its highest since June 2008, from -47 in January and a series low of -55 in December. Analysts had predicted a reading of -52.
Retailers expect a reading of -33 in March.

"Conditions were not quite as harsh as they were last month and in the run up to Christmas," said Andy Clarke, chairman of the CBI's distributive trades survey panel.

The CBI said supermarkets and footwear and leather stores were faring better than most.

However, the CBI said conditions were still tough for many retailers who were having to slash jobs at the fastest pace since the series began.

The quarterly reported employment balance fell to a series low of -49 from -16 in November. The expected employment balance for the next three months was also a series low at -45.

The survey was conducted between Jan. 27 and Feb. 11 with answers from 172 retailers.

inspector_monkfish

trading at 1.4555

MMG

Hey all,

Travelling to NYC on Saturday week, and want to order $2000 worth of currency.

Where is my best bet to get this from online? Would prefer to pay by debit card, rather than bank transfer etc.

Or anywhere on the high street? Maybe I should wait til the end of the week to see how it pans out!

jackieblack

MMG wrote: »

Hey all,

Travelling to NYC on Saturday week, and want to order $2000 worth of currency.

Where is my best bet to get this from online? Would prefer to pay by debit card, rather than bank transfer etc.

Or anywhere on the high street? Maybe I should wait til the end of the week to see how it pans out!

Have you tried Martin's Travel Money Maximiser?
http://travelmoney.moneysavingexpert.com/

whatusername

inspector_monkfish wrote: »

look at the long term picture...


what he is saying is a weak pound NOW, could reap benefits for our economy in the future.....

Absolutely spot on, it helps UK manufacturing and exports, sometimes we need a short term hit for a long term gain

inspector_monkfish

14:30 24Feb09 -GBP/USD: Weighed Down by US Bank Supply, Stops noted sub-1.4440

London,February 24. US bank supply is being blamed for cable"s drop to an intra-day low of 1.4443 (1.4451 was today"s early Asian session base). GBP/USD sell stops reportedly reside below 1.4440 and 1.4420.
February"s US consumer confidence gauge will be unveiled at 15:00GMT. A
deterioration to 35.0, from 37.7 in January, is forecast. Federal Reserve
Governor Ben Bernanke is also slated to speak about the economy and Fed policy at15:00GMT.

poggs

!!!!!! is going on?

Bank guy says bad things, pound crashes.
Bank guy says nice things, pound crashes.

Not fair. Harruph.

I want my $1.50........ Mr Fish promised me so he did.

:-)

However, still up against the yen so my new telly might be cheaper!