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

inspector_monkfish

yozzer2006 wrote: »

This guy doesn't think it is going to be a good week for £/$

British Pound to Fall as Data Signals Deepening Recession

http://www.dailyfx.com/story/currency/gbp_fundamentals/British_Pound_to_Fall_as_1237582841236.html

What's your view on this IM?

Morning

my view would be that all of what the doom-monger writes about, is stuff that we all ready know about. So it shouldn't really come as any surprise when figures and info are released later in the week.

having said that, we all also know how fickle the markets are lately, and we know that they WILL react to this info in some way, probaly a negative way.

There are alos lots of USD figures out this week, that could also have a negative effect on USD.

We shall have to wait and see.....

inspector_monkfish

neilbond007 wrote: »

i use this webpage as a guide... http://www.comparetravelmoney.co.uk/index.asp?sort=USD&#compare
i reckon you'd be able to pick up 1.45 if you shop around

good win for Stoke.... didn't see your sign though....

whatusername

Crown Currency exchange and Travel money services both offering 1.4915 for delivery after 06/05/09 which is probably a bit late for you but 1.4463 for delivery between 23/04/09 and 005/05/09.

neilbond007

inspector_monkfish wrote: »

good win for Stoke.... didn't see your sign though....

great win! it was too cold to get my hands out of my pockets to get the sign out
i managed to get on a couple of the pictures in the papers... and caught the ball in the first half on an over hit boro through ball... I got very excited at that point

inspector_monkfish

By a Market analyst (not me!!):

08:55 23Mar09 TECHNICALS-Stg/dlr eyes run at $1.4975 -CBCM

CBCM
* STERLING/DOLLAR: "The outlook is positive, with last week's close above the $1.4390 trend channel resistance opening the way for a run at the $1.4975 early Feb '09 reaction high. Support at $1.4390 should now contain any corrective pull-backs."


although todays current movement doesn't exactly follow this !!


:beer: :grouphug:

inspector_monkfish

09:42 23Mar09 GBP/USD: Capped circa 1.4589, Formal US Bank Plan Launch Ahead

[09:42 GBP/USD: Capped circa 1.4589, Formal US Bank Plan Launch Ahead] London,
March 23. Cable ran into resistance circa 1.4589 (Friday"s high) after rallying
off a European morning low of a 1.4527. The latter level was reportedly plumbed
with the aid of German bank supply.
GBP/USD ascended to a four-week peak of 1.4626 in early European trade, as
the continent absorbed a Wall Street Journal interview with Timothy Geithner in which the US
Treasury Secretary revealed details of his toxic asset "Public-Private Investment
Programme". This will be formally launched at 12:45GMT today. 1.4421 was today"s
early Asian session base. 1.4395 was Friday"s low. Sterling was trading at 1.3955
into last Wednesday"s 18:15GMT FOMC statement. 1.3844 was last Wednesday"s
post-UK jobs data low.

inspector_monkfish

1.4550 trading

Blink_Eden

HermioneM wrote: »

Hi all,

I'm not sure if this is the best place to post, so I apologise if it's not. I'm a complete newbie to currency exchanges, so please forgive my ignorance and many questions...!

I have about $2800 USD in cash. I realise that the £ isn't doing very well against the $, so what is the best way to get the best rate for my dollars? I didn't buy the $ in the UK, so I don't have a buy-back option.

As it happens, I'm also going to be buying quite an expensive item (engagement ring) from the US which will need to be paid for in dollars. The company needs an electronic transfer, but is there any way in which I can transfer the dollars without first exchanging into £?

Thanks,

Hermione.

One way of getting rid of dollars is on ebay (always seemed a bit dodgy for me), or if you know anyone going - sometimes people even offer to meet up from here.

If the company need an electronic transfer, can someone like Moneygram do it - or are they just geared up for Sterling?

You might be able to set up a dollar account with your bank, but I am not sure on the practicalities of that.

Blink_Eden

Good results in the soccer over the weekend.

Thought the £ might fall after all the stuff in the news about huge budget deficits and tax burdens. It just needs to hold on until next Monday for me

inspector_monkfish

touching 1.4590