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

inspector_monkfish

1.5175 trading

inspector_monkfish

12:00 07May09 BANK OF ENGLAND SAYS KEEPS RATES ON HOLD AT RECORD LOW OF 0.5 PCT AS EXPECTED
12:00 07May09 BOE - INCREASES SIZE OF ASSET PURCHASE PROGRAMME BY 50 BLN STG
12:00 07May09 BOE - SURVEYS AT HOME AND ABROAD SHOW PROMISING SIGNS
12:00 07May09 BOE - SIGNS PACE OF DECLINE HAS BEGUN TO MODERATE
12:01 07May09 BOE - CPI LIKELY TO DROP BELOW 2 PCT TARGET THIS YEAR
12:01 07May09 BOE - CPI FALL DRIVEN BY FOOD, ENERGY, SPARE CAPACITY SHOULD CONTINUE TO PUSH INFLATION DOWN
12:01 07May09 BOE - HIGHER PRIVATE SAVING, BANK RESTRUCTURING, WEAK GLOBAL DEMAND TO DRAG UK GROWTH DOWN
12:02 07May09 BOE - CONSIDERABLE ECONOMIC STIMULUS FROM MONETARY AND FISCAL POLICY, WEAK POUND TO HELP RECOVERY
12:03 07May09 BOE - EXPECTS IT WILL TAKE 3 MORE MONTHS TO COMPLETE ASSET PURCHASE SCHEME, KEEPS SCALE UNDER REVIEW
12:03 07May09 BoE leaves rates steady, increases QE programme

LONDON, May 7 (Reuters) - The Bank of England left interest rates at a record low 0.5 percent for a second month running on Thursday and said it would increase the size of its asset purchase programme by 50 billion pounds.

The announcement raises its quantitative easing programme to 125 billion pounds.

The central bank has cut interest rates by a total of 4.5 percentage points since October as Britain's economy plunged into its first recession since the early 1990s.

The BoE signalled in early March that conventional monetary policy had reached its limits and embarked on a 75 billion pound programme to buy assets with newly-created money to boost the supply of credit.

So far it had bought more than 50 billion pounds of assets, mainly government bonds, putting it on track to complete the original programme by early June.

Britain's economy shrank at its fastest pace since 1979 in the first three months of this year, and looks set to record its worst full-year performance since World War Two.

However, recent surveys suggest the pace of decline is slowing. Consumer confidence has picked up markedly over the past two months, equity prices have jumped by a fifth and money market strains appear to be easing.

inspector_monkfish

cable tumbles to 1.5070

neilbond007

inspector_monkfish wrote: »

Not entirely sure mate.
Its had a good run lately to get upto 1.51 in the markets.
Sure, there is some talk it can/should go higher, but all along you have said you were looking for the magic 1.50, and now you can see it......

what more do you want man !!??

aww, ph u ck it.... wait, and it will go higher.....


please remember i have only had 4hrs sleep, and may not be thinking straight today :rolleyes::D:eek:

We all know we want more, more, more!!
Looks like I missed the peak for the day
I've only had 4 hours sleep too. There again, I'm not crying like a big girls blouse

inspector_monkfish

neilbond007 wrote: »

We all know we want more, more, more!!
Looks like I missed the peak for the day
I've only had 4 hours sleep too. There again, I'm not crying like a big girls blouse

hehe
no, cos you werent drinking all lunchtime and evening !!:D

crept back up to 1.5090

jackieblack

neilbond007 wrote: »

So IM, what's your feeling for today?
I'm teetering on transferring £10 / £15k over later today.
I've seen the magic 1.50 from TorFX and am awfully temped...

I don't actually NEED the cash for 2 or 3 weeks. (buying a car and can't pay > $10k as I don't have my social security number yet)

So, do I do it??

Neil,
how gutted will you be if you don't do it and the rate drops back?

vs

how gutted will you be if you do it and the rate goes up a little more?

whatusername

Do it man, you know you want to

neilbond007

jackieblack wrote: »

Neil,
how gutted will you be if you don't do it and the rate drops back?

vs

how gutted will you be if you do it and the rate goes up a little more?

suicidal
ecstatic

I'm very much a man of extremes

I'm liking the way we're back in 1.51 territory...

jackieblack

neilbond007 wrote: »

suicidal
ecstatic

I'm very much a man of extremes

I'm liking the way we're back in 1.51 territory...

So haven't you answered your own question there then?

inspector_monkfish

1.5070 trading