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

neilbond007

jonathanrichardson69 wrote: »

seems to be climbing steadily. currently at 1.4568

they've started to sing again

inspector_monkfish

jonathanrichardson69 wrote: »

what time is "bushy brow" due to make the budget announcment???

12.30 he starts

inspector_monkfish

1.4605 trading

neilbond007

inspector_monkfish wrote: »

1.4605 trading

looks like they're in full voice
1.4625!

inspector_monkfish

[Sterling Briefing]
[10:20 GMT April 22] Cable extended south to test 1.4520 bids after the 08:30GMT
disclosure of UK unemployment, earnings and public finance figures (<TGM42332>),
alongside minutes from the April 8/9 BoE MPC meeting (<TGM42331>). The pound was
already under pressure into the data and minutes release, on the back of heavily
underperforming gilts and a rise in the 5-year UK Sovereign Credit Default Swap.

Fresh buying of the pound from a major UK corporate has been flagged as a
factor in the one cent recovery rally from 1.4520. The same name, one of world"s
leading energy companies, was also tipped as a GBP buyer yesterday.

EUR/GBP was helped to a high of 0.8908 by news of a "tentative plan" for a
E12bn bid for the wine and spirits arm of LVMH from Diageo (Daily Telegraph).

UK Chancellor Alistair Darling will unveil his budget from 11:30GMT, after
PMQs. Darling will issue GBP 200bn worth of gilts this financial year--GBP 50bn
more than the UK DMO estimated last month, according to the FT. The number of UK
biz leaders detecting "green shoots" of economic recovery has risen to 29%, from
18% in February

inspector_monkfish

13:07 22Apr09 GBP/USD: Falls on New 50% UK Income Tax Rate for 100k+ Earners

[12:07 GBP/USD: Falls on New 50% UK Income Tax Rate for 100k+ Earners] London,
April 22. Cable has fallen by more than three-quarters-of-a-cent to a European afternoon/NY session low of 1.4586 on the back of UK Chancellor Alistair Darling"s announcement that he will introduce a new income tax rate of 50% from next April for those earning more than GBP 100k a year.

The pound has also been hurt by worse-than-expected Q1 earnings figures from
Morgan Stanley.

inspector_monkfish

[13:16 GBP/USD: Reclaimed 1.46 Handle Lost on Darling"s FX View] London, April
22. Cable lost its briefly reclaimed 1.46 handle on the back of UK Chancellor
Alistair Darling"s view that a competitive GBP exchange rate will help UK
exporters, with 1.4570 marking the European afternoon/NY session low-to-date.
Darling is unveiling his budget to the House of Commons.

GBP/USD plumbed a 24-year low of 1.3500 in Q1 (Jan 23). EUR/GBP posted a
record high of 0.9805 in late 2008.

jonathanrichardson69

Darling you fu**ing !!!!!!!

inspector_monkfish

jonathanrichardson69 wrote: »

Darling you fu**ing !!!!!!!

calm down jonny, u haven't even married her yet....

inspector_monkfish

13:28 22Apr09 MARKET TALK: GBP Falls After DMO Ups Gilt Issuance To GBP220B


1228 GMT Sterling takes a tumble after the DMO revises its 2009/10
gilt issuance total to GBP220B from GBP180B. GBP/USD falls to the day's low of
1.4480 from a high of 1.4660 during the Chancellor's budget speech. EUR/GBP is at
the day's high of 0.8935 from the low of 0.8827. (GST)