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

jonathanrichardson69

inspector_monkfish wrote: »

Merv is a busy boy today.....


15:29 24Mar09 GBP/USD: Consolidating Gains, More BoE King Comments Looming

London,
March 24. Cable is currently trading just over a quarter-cent above yesterday"s
high of 1.4650, against a big-picture backdrop of gain consolidation from 1.3844.

The latter level was last Wednesday"s low, plumbed after dire UK unemployment
data. GBP/USD was trading at 1.3955 into last Wednesday"s 18:15GMT FOMC
statement. 1.4550 was today"s Asian session base.

1.4780 was today"s European morning six-week peak, scaled on the back of last
month"s unexpected rise in annualized UK CPI inflation to 3.2%, from 3.0% in
January. A fall to 2.6% was forecast. The 3.0%+ number forced BoE Governor Mervyn
King to write another "Dear Chancellor" letter (<TGM42333>). The BoE"s CPI target
level is 2.0%. 1.4640 marks the traded low since 1.4780.

King is slated to address a House of Lords Economic Affairs Committee Hearing
from 15:30GMT, along with BoE Deputy Governor Paul Tucker and BoE Chief Economist
Spencer Dale. Outgoing MPC member David Blanchflower is due to speak at Cardiff
University later.

what does all this mean??? my head hurts

neilbond007

jonathanrichardson69 wrote: »

what does all this mean??? my head hurts

well i'm guessing merv said something pretty good as the £ has gained 1/2c against the $ in the matter of seconds

inspector_monkfish

neilbond007 wrote: »

well i'm guessing merv said something pretty good as the £ has gained 1/2c against the $ in the matter of seconds

makes a change!!


he 'power walks' past me on his way to the BOE most mornings, wearing a scruffy old tracksuit. Looking at him, you would never know he held a position of such power. He's about 4ft 6 !

neilbond007

inspector_monkfish wrote: »

makes a change!!


he 'power walks' past me on his way to the BOE most mornings, wearing a scruffy old tracksuit. Looking at him, you would never know he held a position of such power. He's about 4ft 6 !

you never told us that!!! do us all a favour?
next time he says something that screws up the exchange rate kick the little runt in the crown jewels?

inspector_monkfish

neilbond007 wrote: »

you never told us that!!! do us all a favour?
next time he says something that screws up the exchange rate kick the little runt in the crown jewels?

:rotfl: haha, leave Merv alone, he's a legend !!
its alistair darling that needs taking out......

inspector_monkfish

ok, lets get serious now...
with one hand firmly attached to my WOODEN desk, dare we start talking about the magic number by the end of the month, or possibly week ???

sssshhhh....

neilbond007

inspector_monkfish wrote: »

:rotfl: haha, leave Merv alone, he's a legend !!
its alistair darling that needs taking out......

whichever. i'm not fussed.
you can give darling a wedgie... but he might enjoy that... .

inspector_monkfish

neilbond007 wrote: »

whichever. i'm not fussed.
you can give darling a wedgie... but he might enjoy that... .

haha
unfortunately i don't see him...
if i did, i'd pin him down and shave those ridiculous eyebrows off....;)

inspector_monkfish

up to 1.4750 now...

Blink_Eden

My brother has just been on the phone trying to get me to go half way around London to pick him up some mini-DV tapes to save him $5 in the US - in the time he has been doing that, he is just gained that $5 in the exchange rate.
(Now if only he had been more organised and wasn't going to get shafted by having to buy at consumer rates)