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

inspector_monkfish

11:27 24Mar09 EUROPE: More from King: no reason why Gbp should go any lower

11:27 GMT - Whilst the BoE's [KING] says the the fall in [GBP] is part of the
rebalancing of the UK economy, he suggests that it was not engineered, and
sees no reason why Gbp should go any lower. He relates Gbp weakness to
the earlier CPI rise, noting that the weakness of the Pound was bound to
have a significant impact on price level. It is right to accept that the
downturn will lead to higher deficits, says King, and Governments should
be cautious therefore on further fiscal stimulus. He notes that monetary
policy should bear the brunt of dealing with economic ups and downs.

Teachertim

This week is too good to be true !

TimmyP_2

FairFX offering 1.4575 at the moment. Glad I got some currency from Crown at 1.55 a few months ago for delivery in May.

neilbond007

Teachertim wrote: »

This week is too good to be true !

awwww.... you've well and truly put the mockers on it now!
all we need now is jackie to turn up too....

where is she lately? i'm missing her :kisses2:

whatusername

Teachertim wrote: »

This week is too good to be true !

Keep the faith, it will get better. I can feel it.

inspector_monkfish

TimmyP wrote: »

FairFX offering 1.4575 at the moment. Glad I got some currency from Crown at 1.55 a few months ago for delivery in May.

it'll be 1.65 by May....

inspector_monkfish

neilbond007 wrote: »

awwww.... you've well and truly put the mockers on it now!
all we need now is jackie to turn up too....

where is she lately? i'm missing her :kisses2:

think she went to the US of A

inspector_monkfish

12:17 24Mar09 MARKET TALK: USD Generally Higher, Though GBP Rallies

1217 GMT USD is generally higher in currency trading Tues morning as
it rebounds vs EUR and other currencies after recent selling pressure. GBP is one
exception to the general USD strengthening, and has shifted higher after
inflation data came in stronger than expected, sending it through its 100-day
moving average against the dollar for the first time since last Aug, according to
Brown Brothers Harriman in New York. GBP has risen to $1.4742 from $1.4585. USD
is at Y98.22 from Y96.91 late Monday in New York, according to EBS. The euro fell
to $1.3552 from $1.3645, and USD is up at CHF1.1272 from CHF1.1239.

inspector_monkfish

neilbond007 wrote: »

well... it was good while it lasted... or is it profit taking? seems to be a bit of a coincidence it starts to drop when old dicksplash stops talking...

this is a thread that could run and run... http://forums.moneysavingexpert.com/showthread.html?t=1581483

i think someone just totally missed the irony...

whatusername

Good news at last. It would be great to see a big push through to 1.50 but it's a big ask.