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

jonathanrichardson69

neilbond007 wrote: »

ok... .so we're bombing because of newspaper article!!!
the figures we've had that were better than expected did nothing...

all makes perfect sense now...:whistle:

its all bullsh1t
the asians didn't help much either.
seems there all against us

inspector_monkfish

neilbond007 wrote: »

ok... .so we're bombing because of newspaper article!!!
the figures we've had that were better than expected did nothing...

all makes perfect sense now...:whistle:

hahaha... its taken some time, but finally.... welcome to the wonderful world of the forex and money markets

inspector_monkfish

trading at 1.4670
5mins before figures released

inspector_monkfish

retail sales GOOD
gdp BAD

market doesnt know which way to turn.....:eek:

neilbond007

inspector_monkfish wrote: »

retail sales GOOD
gdp BAD

market doesnt know which way to turn.....:eek:

i can have a guess....

inspector_monkfish

09:30 24Apr09 INSTANT VIEW 1-UK Q1 GDP fall sharpest since 1979

LONDON, April 24 (Reuters) - Britain's economy shrank more
than expected and at its sharpest rate in 30 years in the first
three months of 2009, official data showed on Friday,
suggesting the recession may be deeper than feared.
Finance minister Alistair Darling had been expecting a
similar drop to the 1.6 percent fall seen at the end of last
year, but the deterioration to -1.9 percent suggests downside
risks to his forecast for a 3.5 percent contraction this year.
Separate data showed an unexpected rise in retail sales on
the month in March driven by strength in clothing and food
sales.

*******************************************************

KEY FIGURES FOR PRELIMINARY Q1 GDP

Q1 09 Q4 08 FCAST
% QQ -1.9 -1.6 (-1.6) -1.5
% YY -4.1 -2.0 (-2.0) -3.8

KEY POINTS
- Biggest quarterly fall in GDP since Q3 1979
- Biggest annual fall in GDP since Q4 1980
- Biggest quarterly fall in manufacturing output since
records began in 1948
- Biggest quarterly fall in total production output since Q1
1974
- Biggest annual fall in total production output since
records began in 1948
- Biggest quarterly fall in business services and finance
output since records began in 1983
- Biggest quarterly fall in services output since Q3 1979-


KEY FIGURES FOR UK RETAIL SALES

MAR FEB F'CAST
% MM 0.3 -2.0 (-1.9 pvs) -0.5
% YY 1.5 0.4 (+0.4 pvs) +1.1

KEY POINTS
- Biggest annual fall in household goods stores sales since
March 1992
- Biggest annual fall in other stores sales since Sept. 2006
- Highest deflator since Sept 2008-

neilbond007

sunk below 1.46 from 14670 a few seconds ago... i guess i was right!

inspector_monkfish

09:30 24Apr09 UK MAR RETAIL SALES +0.3% ON MO; +1.5% ON YR
09:30 24Apr09 UK MAR RETAIL SALES FORECAST +0.3% ON MO; +1.7% ON YR

LONDON - U.K. retail sales ticked up in March in line with
expectations, as consumers continued to show resilience in the face of deepening recession, the Office for National Statistics said Friday.

Seasonally adjusted retail sales rose 0.3% on the month after a downwardly revised 2.0% decrease in February, ONS said. In annual terms, retail sales rose 1.5%, following an unrevised 0.4% gain in February.

The numbers were in line with monthly expectations but undershot year-on-year predictions, as economists had forecast an average sales rise of 0.3% on the month and a 1.7% gain on the year, according to a Dow Jones Newswires survey.

March's modest gain was driven by a sharp rise in sales of textiles, clothing and footwear and the continued rise in sales at predominantly food stores, the ONS said. Sales of household goods and at other stores - principally small businesses selling items such as books and DVDs - continued to decline.

March sales falls came despite persistent discounting at nonfood stores, an ONS spokesman said. However, price rises at predominantly food stores pushed the implied price deflator 1.0% higher than the same period a year ago.

inspector_monkfish

neilbond007 wrote: »

sunk below 1.46 from 14670 a few seconds ago... i guess i was right!

well GDP is the more important figure
so its that that is driving the market

1.4615 trading at mom

inspector_monkfish

The GDP shock has outweighed any GBP-positivity from March"s unexpected 0.3%
rise in UK retail sales. A 0.5% fall was forecast. Annualized UK retail sales
rose by 1.5% last month, according to the ONS. A 1.1% increase was forecast.