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

whatusername

But suffering we are Neil

inspector_monkfish

10:53 09Mar09 Gbp gets hit on large UK sales (amongst others)

10:51 GMT - Swiss bank demand for Eur/Gbp and German sales in [CABLE] have been
noted during the European morning so far, with the headline now making
fresh session lows under 1.3900 as another wave of large selling (the
latest from a UK clearer) hits the market. Talk that a UK clearer rights
issue is not enough to cover their losses may also be a reason behind the
sell -off, whilst another UK bank is said to have sold in size for stops.
CB sales have been reported through 1.3910, and models have been buying
Eur/Gbp as the cross rallies up into the 0.9080/90 area. Talk of an
Australian fund with Cable supply has also done the rounds, and Japanese
sales of Gbp/Yen have been noted. A US prime now is supposedly advising
customers with long Eur/Gbp positions to take profit as we head up to the
psych 0.9100 level.

inspector_monkfish

mumoffour77 wrote: »

Hi Inspector monkfish,
Im currently saving up for my holidays:) For which I need USD and Euros!!
I have been happily trotting along to my local post office every monday to change $30 worth of each!!! The Euros cost me £27. odds last week, Do you think it worh me doing this or just buying when the £ gets stronger???

seems an odd way to do it, but hey, if you have the time and patience to queue in a PO every week, then why not

i suppose it all depends when your holiday is...

inspector_monkfish

lisaloo1977 wrote: »

Bollo.x, just went back a page and saw the news.

Mr fish can you please inject some more of your positive spin on the thread and bring me the news i so want to hear.

i'd love to, but i think it looks knackered this week !!

still, its only monday.....

vernall

just a quicky,do we have ANY guarantees with crown currency?can get a good rate but is 3 months away,need to pay now.....what if they,like many businesses go belly up before my money is despatched....is it all lost if they do?

Teachertim

1.3874. Any chance of it going up again ?

mumoffour77

inspector_monkfish wrote: »

seems an odd way to do it, but hey, if you have the time and patience to queue in a PO every week, then why not

i suppose it all depends when your holiday is...

Its in August:)
I live in a small village.....the local PO is quiet, the longest I have queued for is probably 5 mins:D

inspector_monkfish

Teachertim wrote: »

1.3874. Any chance of it going up again ?

.......yes

inspector_monkfish

mumoffour77 wrote: »

Its in August:)
I live in a small village.....the local PO is quiet, the longest I have queued for is probably 5 mins:D

lucky you!

i'd say without a shadow of doubt that the Pound will be fairing alot better against USD and EUR by August.... (imho )

Teachertim

inspector_monkfish wrote: »

lucky you!

i'd say without a shadow of doubt that the Pound will be fairing alot better against USD and EUR by August.... (imho )

Looking at your previous posts Monkfish, I think it is clear you talk a great deal of tosh ! Still waiting for the huge bounce from last week you promised becasue you "know stuff." In actual fact, we saw a large drop last week.

My prediction - you are wrong ! We will see new lows today.