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

inspector_monkfish

07:22 01May09 Focus comment - Gbp has the data and the market

06:21 GMT - [GBP HAS THE DATA AND THE MARKET] Just about everyone in Europe is off bar London. As a result, the UK is the sole interest on today's calendar, with Mar consumer credit (Gbp 0.1bln forecast), mortgage approvals (40k f/c), money supply and manufacturing PMI (40.0 f/c) to come.

whatusername

1.48045 currently, hope it pushes on a tad today. It seems to have floted around 1.45 - 1.50 for ages now.

Morning all.

neilbond007

morning too! i !!!!!!!g hate jet lag

inspector_monkfish

09:20 01May09 GBP/USD: Weighed Down by UK Clearer Supply, UK Data Looming

[08:19 GBP/USD: Weighed Down by UK Clearer Supply, UK Data Looming] London, May
1.

UK clearer supply is being flagged as a factor in cable"s fall to a European
morning low of 1.4767 ahead of the looming disclosure of a batch of UK data.
1.4824 was today"s early Europe fractionally fresh intra-day high (1.4822 was
today"s Asian session top). 1.4755 was today"s Asian session base.

April"s UK manufacturing sector PMI will be unveiled at 08:28GMT, with BoE
March mortgage approvals, mortgage lending, consumer credit and M4 money supply
data ensuing two minutes later. The mfg PMI is forecast to rise to 40.0, from
39.1 in March. Mortgage approvals are forecast to rise to 40k, from 38k in
February. Mortgage lending is forecast at GBP 1.6bn. Consumer credit growth of
GBP 0.1bn is forecast.

inspector_monkfish

neilbond007 wrote: »

morning too! i !!!!!!!g hate jet lag

what are you doing man??
it must be 4.00am ???

i thought you were a hardened time traveller ?

inspector_monkfish

1.4815 trading now
after falling to 1.4770 20mins ago

neilbond007

inspector_monkfish wrote: »

what are you doing man??
it must be 4.00am ???

i thought you were a hardened time traveller ?

I am. It's neigh on impossible to beat jet lag. i'll be blowing it away with large amounts of alcohol this weekend though!

PS - Yes, it's 4am. And i'm laying in bed surfing. there you go ladies. there's your treat for the day

inspector_monkfish

neilbond007 wrote: »

I am. It's neigh on impossible to beat jet lag. i'll be blowing it away with large amounts of alcohol this weekend though!

PS - Yes, it's 4am. And i'm laying in bed surfing. there you go ladies. there's your treat for the day

O! Suits you sir !!


1.4840 trading

inspector_monkfish

09:40 01May09 UK March mortgage lending weak, little sign of QE effect

LONDON, May 1 - British mortgage lending grew by less than half as much as expected in March, while mortgage approvals were also slightly below forecast, the Bank of England said on Friday.

The central bank also published a breakdown of broad M4 money supply growth for the first month since it began its policy of quantitative easing which showed little sign that households and businesses are seeing the extra cash being pumped into the system.

The annual growth rate of M4 excluding other financial corporations fell to 2.5 percent, its lowest since records began in 1998.

It may still be too soon to judge the effectiveness of the policy but the figures may boost speculation the BoE will decide to use the additional 75 billion pounds that the government has authorised for its asset purchase scheme.

Friday's figures showed that mortgage lending rose by 757 million pounds in March, less than half the 1.6 billion pound rise expected by analysts and the weakest rise since August 2008.

Approvals for home loans were also slightly weaker than forecast at 39,230, although this was the highest since May 2008.

inspector_monkfish

neilbond007 wrote: »

I am. It's neigh on impossible to beat jet lag. i'll be blowing it away with large amounts of alcohol this weekend though!

PS - Yes, it's 4am. And i'm laying in bed surfing. there you go ladies. there's your treat for the day

xtube or youp0rn? :D