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

inspector_monkfish

trading at 1.5095

sitcom123

Helloooooooooooooo where is everyone today Are you still there Mr M, I depend on you for all the info :j

inspector_monkfish

sitcom123 wrote: »

Helloooooooooooooo where is everyone today Are you still there Mr M, I depend on you for all the info :j

shorry
been out for shum liquid refreshments.....

1.5060 trading

above 1.50 for a while now, looks like we are here to stay (watch it plummet to 1.45 now i have said that)

inspector_monkfish

i haven't done this for a while, but can i just take a moment out to say if u like jason mraz, u will ph u ck in love

Colbie Caillait - Coco (expanded)
http://www.amazon.co.uk/Coco-Expanded/dp/B001KGKW60/ref=sr_1_4?ie=UTF8&s=dmusic&qid=1241618433&sr=8-4


http://www.youtube.com/results?search_type=&search_query=colbie+caillat+turn+your+lights+down+low+live&aq=2&oq=colbie+caillat+turn

BUY it NOW
THANK me later.

inspector_monkfish

13:15 06May09 REUTERS POLL-FOREX STRATEGISTS SEE POUND AS MOST UNDERVALUED G10 CURRENCY
13:15 06May09 REUTERS POLL-GBP SEEN AT $1.48 IN 1 MTH, $1.48 IN 6, $1.53 IN 12 ($1.43, $1.44, $1.52 IN APRIL POLL)
13:15 06May09 REUTERS POLL-EURO SEEN AT 89 PENCE IN 3 MTHS, 87P IN 6 MTHS, 86P IN 12 MTHS (91P, 89P, 86P IN APRIL POLL)
13:15 06May09 POLL-Pound most undervalued G10 currency, to strengthen
* Sterling seen as most undervalued G10 currency
* Pound seen strengthening against dollar and euro
* 12-month forecasts in wide range of $1.30 to $2.0


LONDON, May 6 - Sterling is the most undervalued currency of the 10 leading economies but the battered pound will only regain some of the ground lost in the past year, a Reuters poll of foreign exchange strategists showed on Wednesday.

The poll, taken April 30 to May 6, found about half saying the pound <GBP=> was undervalued on a trade-weighted basis, despite having rallied over 10 percent against the dollar in recent weeks and breaking the $1.50 barrier.

"GBP has been one of the worst hit currencies since the start of the credit crunch and has some ground to make up on a trade weighted basis relative to historical values," said Kenneth Broux at Lloyds TSB.

Sterling hit a 23-year low of around $1.35 in January but has ticked up as markets also considered the falls overdone but is a long way from the lofty $2.10 the pound was enjoying just over a year ago.

In recent days the pound has been trading around the $1.50 mark but the poll of around 60 analysts saw it trading below this for the next six months before staging a recovery towards the end of the year.

The poll saw the pound trading at just $1.48 in one month and six months before strengthening to $1.53 in a year as the Bank of England's decimation of interest rates and its unprecedented plan to inject cash into the money supply pays off with eventual recovery and growth.

"We expect cable to stay relatively firm in the very near term ... as the UK economic outlook remains bleak and the BoE will continue its extra-loose monetary policy. We expect an even better outlook for cable in late H2 2009," said Roberto Mialich at UniCredit MIB.

The British economy shrank a staggering 1.9 percent in the first three months of this year -- its sharpest rate of contraction in 30 years -- and according to government forecasts is expected to contract in 2009 by 3.5 percent.

The BoE is likely to eventually make 150 billion pounds total in asset purchases. It is expected to leave interest rates at 0.5 percent on Thursday, the lowest in the bank's 315-year history. [BOE/INT]

In the April poll, the pound was seen at just $1.43 now, $1.44 in three and six months and then strengthening to $1.52 in 12 months.

Forecasts in the survey were wide, ranging from $1.30 to $2.0 in a year.

Sterling volatility on a one-month annualised basis against the dollar is seen dropping to 9.8 percent from the 14.6 percent seen in April. The divergence of forecasts in Reuters polls offers a leading indicator of exchange rate volatility. [VOL/POLL]

Against the euro, sterling is seen strengthening over the year, having nearly reached parity in December, as the 16-nation bloc battles with its own deep recession.

Calculated cross rates see the euro <EURGBP=> at 89 pence in three months and 86 pence in a year. This is stronger than forecasts for 91 pence and 86 pence in the April poll.

$17mma

Hi there I am going to USA in a couple of months, shall I buy currney now or wait in the hope that the £ will gain? :money:

inspector_monkfish

$17mma wrote: »

Hi there I am going to USA in a couple of months, shall I buy currney now or wait in the hope that the £ will gain? :money:

WAIT.
iTS SO MUCH MORE FUN !!

inspector_monkfish

1.5065 trading

g'night

i'm off to get lashed in the west end

ratkarth

inspector_monkfish wrote: »

WAIT.
iTS SO MUCH MORE FUN !!

general rule
buy half now half when you go
that way either way you won't feel too stupid.

neilbond007

if we all knew when to buy we wouldn't be pi55ing around on message boards that's for sure
i'm hoping we get another spurt. i've got £40k i'm looking at transferring