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

inspector_monkfish · 6 May 2009 at 7:45AM

00:09 06May09 MARKET TALK: UK Consumer Showing Signs Of Life - Nationwide

2309 GMT Signs of life in the British consumer seem to be nudging GBP/USD a bit higher in Asia, with Nationwide Building Society saying its measure of consumer confidence rose to 50 in April vs 42 in March, buoyed by less downbeat assessment of outlook for economy and jobs market next six months; this suggests consumers believe measures taken by government, BoE to support economy will work, and indicates they won't cut back on spending as sharply as many economists had expected. Nationwide says 26% of those surveyed believe economy will be better in six months' time, up from 19% in March, while 32% believe economy will be in worse shape, vs 41% in March. Still, survey took place before government presented its April budget; Chancellor of Exchequer Darling then said he expects economy to shrink 3.5% this year, having previously forecast it would shrink 1%. And in another reminder that all is not rosy, National Institute of Economic and Social Research says UK economy is likely to contract 4.3% this year; calls discussion of green shoots of recovery "rather premature," with recession's duration likely similar to 1930s, 1980s. In other data just out, April shop price inflation eased, says British Retail consortium.

inspector_monkfish · 6 May 2009 at 7:45AM

trading at 1.5020

ratkarth · 6 May 2009 at 8:31AM

AWSOME, this must be what happens when i go away for the day!

inspector_monkfish · 6 May 2009 at 9:14AM

G!T

http://www.thedailymash.co.uk/news/international/git-named-200905061744/

inspector_monkfish · 6 May 2009 at 9:15AM

1.5060 trading

inspector_monkfish · 6 May 2009 at 9:18AM

09:17 06May09 UK Halifax Apr House Prices -1.7% MM, -17.7% YY

LONDON - U.K. house prices fell in April both on the month earlier
and year-earlier period, lender Lloyds Banking Group said Wednesday.

According to HBOS, now owned by Lloyds, the Halifax house price index
declined 1.7% from March and was 17.7% lower than a year earlier. That compares
with a 1.9% month-on-month fall in March and a drop of 17.5% on the year.

Economists surveyed by dow Jones Newswires had forecast the index would fall
0.9% on the month and 17.6% on the year.

"Rising unemployment, low consumer confidence and the reduced availability of
credit are all expected to exert downward pressure on the housing market over the
next few months," said Martin Ellis, Halifax's housing economist. "As a result,
further house price declines are likely," he said.

The data follow the U.K.'s largest lender Nationwide's April house price
survey last week which reported a 0.4% monthly drop.

inspector_monkfish · 6 May 2009 at 9:33AM

1.5115 trading

shoe-gal_4 · 6 May 2009 at 10:55AM

guys sorry if this is the wrong place to post, im not so au fait with this currency lark.

am travelling to USA in about 5 weeks and the dollar is at $1.45 today (was $1.43 a couple of days ago) on Travelex.

not sure if i should hold out or buy? or if there is anywhere else more competitive to buy from?!