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

FluffyFiFi

You get into work very early Inspector, thank you for all the up-dates. I've got three weeks until I'm off to the US and am going to hold on and wait to see what happens. I checked last night and the rate was 1.44 so I got pretty excited. Promised myself I would stop looking as it was driving me mad but it's not even 9 am yet and I've already had a sneaky peak. Very addictive !!

inspector_monkfish

FluffyFiFi wrote: »

You get into work very early Inspector, thank you for all the up-dates. I've got three weeks until I'm off to the US and am going to hold on and wait to see what happens. I checked last night and the rate was 1.44 so I got pretty excited. Promised myself I would stop looking as it was driving me mad but it's not even 9 am yet and I've already had a sneaky peak. Very addictive !!

yep, 7am every morning i'm afraid !!

i don't think it got that high last night
maybe 1.4040, but certainly not 1.44 !
it actually dipped down to 1.3980 last night

trading at 1.4060 at mom

inspector_monkfish

stumbled down 1.4030 ahead of PMI announcement at 9.30am

inspector_monkfish

09:28 04Mar09 UK CIPS/MARKIT FEB SERVICES PMI 43.2 (F'CAST 41.8, JAN 42.5), 3RD STRAIGHT MONTHLY RISE IN INDEX

09:28 04Mar09 UK SERVICES PMI INPUT PRICE INDEX 50.3 IN FEB (JAN 50.7), SERIES LOW

09:28 04Mar09 POLL-UK services slump eases in Feb - CIPS/Markit

* Feb services PMI index shows contraction easing further
* Employment component edges up from Jan's survey low
* Input costs rise at slowest pace ever despite weak pound

LONDON, March 4 - Britain's services sector shrank sharply in February, but the pace of decline eased for a third month in a row and the rate of job cuts slowed a fraction, purchasing managers' data showed on Wednesday.

The services sector accounts for three-quarters of British economic output, and the data may give the Bank of England cautious optimism that the economic downturn is starting to bottom out when policymakers vote on interest rates on Thursday.
The headline PMI activity index rose to 43.2 in February from 42.5 in January, better than analysts' expectations of a fall to 41.8 and above November's 40.1, the weakest result ever recorded in the series's 12-year history.

Companies' expectations for the coming year were their brightest in 5 months.
"The latest data provide further hope that the UK service sector is past the worst point in its downturn, with rates of decline in activity and new business continuing to ease from the records seen last November," said Paul Smith, senior economist at Markit Economics, which conducts the survey for the Chartered Institute of Purchasing and Supply.
Nonetheless, the headline figure is well below the 50 mark that divides contraction from growth, and is unlikely to alter expectations that the BoE will cut interest rates by half a percentage point this week to 0.5 percent. [BOE/INT]

Employers reported that they cut jobs at a near-record pace, with this component only rising fractionally from last month's series low of 40.2.
Fierce competitive pressures ensured that firms cut their prices for a fourth month in a row, and input prices rose at the slowest pace in the survey's history, with that sub-index easing to 50.3 from 50.7.
Confidence about business conditions in a year's time showed a modest recovery. Some 38 percent of firms forecast higher activity in 12 months' time, CIPS/MARKIT said.

inspector_monkfish

cable back up to 1.4065

inspector_monkfish

cable back up to 1.4065

neilbond007

morning all!

seems a pretty quiet one so far. Only moving up / down by less than 1/2c.
Not sure whether to be happy about this or not. Certainly beats yesterdays rollercoaster!! the only problem is i can't find a song to go with this quiet mood...

inspector_monkfish

neilbond007 wrote: »

morning all!

seems a pretty quiet one so far. Only moving up / down by less than 1/2c.
Not sure whether to be happy about this or not. Certainly beats yesterdays rollercoaster!! the only problem is i can't find a song to go with this quiet mood...

trading at 1.4085

jackieblack

neilbond007 wrote: »

morning all!

seems a pretty quiet one so far. Only moving up / down by less than 1/2c.
Not sure whether to be happy about this or not. Certainly beats yesterdays rollercoaster!! the only problem is i can't find a song to go with this quiet mood...

Does this mean it's safe to come back today?

inspector_monkfish

jackieblack wrote: »

Does this mean it's safe to come back today?

its safe....


just ticked over 1.41