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

inspector_monkfish

back at 1.4790 trading at moment

watchout for some volatile movement around 7.15pm, after FOMC announcement

have a good evening all

neilbond007

Back in the 1.48's!

A good evening has been had by all...
Up at 3am this morning. Hopefully sleep in a little more tomorrow!

I expect 1.49's when I log on people (well, I expect 1.46's - but let's see what you can do)

inspector_monkfish

LONDON, April 30 - British house prices resumed their slide in April, data from mortgage lender Nationwide showed on Thursday, suggesting last month's rise was no more than a blip in a downward trend.
Nationwide said the average house price fell 0.4 percent on the month, partly reversing a surprise 0.9 percent rise in March. Prices were 15 percent lower than a year earlier and down a fifth from peaks set in October 2007.

There have been a few tentative signs that housing market activity may be stabilising but little sign yet that prices have found their floor.

The building society said government initiatives to boost lending and help first-time buyers get on the property ladder were welcome but would not turn things around.

"For the most part, buyers will remain cautious as long as they think that prices will continue to fall," said Fionnuala Earley, Nationwide's chief economist.
"Economic fundamentals will continue to dominate housing market prospects," she added.

Britain's economy is expected to shrink by more than 3 percent this year, its sharpest contraction since the Second World War.

While record-low interest rates have fuelled a rise in homebuyer enquiries, mortgage lenders are still reluctant to lend to those without a significant equity cushion.

Job insecurity is also a powerful deterrent. The number of Britons out of work has risen to a decade high above 2 million and is expected to hit 3 million by the end of the year.

inspector_monkfish

MORNING all

OVERNIGHT LOW WAS 1.4735, then it spiked up to 1.4855 around 4.00am

trading nicely at 1.4840 right now

inspector_monkfish

neilbond007 wrote: »

Back in the 1.48's!

A good evening has been had by all...
Up at 3am this morning. Hopefully sleep in a little more tomorrow!

I expect 1.49's when I log on people (well, I expect 1.46's - but let's see what you can do)

hello neil
hows the holiday going?

inspector_monkfish

trading 1.4865 now

inspector_monkfish

1.4880 trading now

looking good chaps/chapesses


i fancy some 1.50 action today......:beer:

inspector_monkfish

1.4905 trading

inspector_monkfish

08:36 30Apr09 GBP/USD: 1.4900 Offers Tested, Triple-Digit Dow Futures Rise

[07:36 GBP/USD: 1.4900 Offers Tested, Triple-Digit Dow Futures Rise] London,
April 30.

Cable has tested 1.4900 offers as the pound continues to benefit from
increased risk appetite. Dow futures are currently up 115 points, having been up
by a much modest 39 points less than an hour ago. The Dow closed up 2.1%
yesterday. The Nikkei closed up nearly 4% today. Anthony Bolton, president of
investments at fund manager Fidelity International, says "all the things are in
place for the bear market (in equities) to have ended" (Bloomberg website).

The pound is also benefitting from chatter of good size month-end 15:00GMT
London fix-related demand for GBP re: a global stock market index reweighting.

Above-figure GBP/USD sell interest is touted at 1.4940 (1.4944 was the April
17 high). Further supply is flagged ahead of 1.5000. Sterling scaled a three-
month peak of 1.5069 a fortnight ago (Apr 16, pre-Chinese Q1 GDP data). 1.4855
(today"s Asian session top) is now a support point. 1.4815 was yesterday"s high
(pre-FOMC statement).

inspector_monkfish

1.4920

[EMAIL="f@&k"]f@&k[/EMAIL] me its lonely on here
you are all missng the fun

1.4920 trading