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

kefrif

Looks like thats trade closed at $1.5238 / £1.00, which is just Dandy-O for me!

I'm not very well educated in this, but I reckon things look good for our exchange rate at the moment. Don't ask me why I think this - its a hunch - but I reckon we'll be at $1.55 or $1.56 by close of trade next Friday.

Game On!!

Cage

Down to 1.508

neilbond007

Cage wrote: »

Down to 1.508

Really? How'd you work that out? The market closed at 11pm UK time with the rate at around 1.5238 (depending on which website you look at)

neilbond007

kefrif wrote: »

Looks like thats trade closed at $1.5238 / £1.00, which is just Dandy-O for me!

I'm not very well educated in this, but I reckon things look good for our exchange rate at the moment. Don't ask me why I think this - its a hunch - but I reckon we'll be at $1.55 or $1.56 by close of trade next Friday.

Game On!!

Mixed signals (as ever).

The US dollar and Japanese yen took a beating over the past week amidst renewed risk appetite, but the euro and British pound may both face bearish news from the release of Euro-zone GDP and the Bank of England’s Quarterly Inflation Report. On the other hand, optimism could grow further as Fed Chairman Bernanke is due to speak and US retail sales have the potential to improve.
http://www.dailyfx.com/story/market_alerts/fundamental_alert/Euro__British_Pound_May_Feel_1241809634271.html

Some of this don't sound good -
http://www.dailyfx.com/story/currency/gbp_fundamentals/British_Pound_Strength_to_Be_1241825391088.html

This sounds good! -
Simon Derrick, chief currency strategist at Bank of New York Mellon Corp, said that "the Bank of England's move was a surprise for Sterling". The UK currency slipped 0.6% against the Dollar, after climbing towards a high of $1.5200, the strongest level since January 9th. Derrick also said that short-term losses for the Pound may provide "a buying opportunity" and the UK currency may rise as high as $1.55 in the next month.
http://www.torfx.com/blog/


So, who knows that the !!!! will happen!

Cage

neilbond007 wrote: »

Really? How'd you work that out? The market closed at 11pm UK time with the rate at around 1.5238 (depending on which website you look at)

I was just searching a websites, notices xe.com's live rates at 1.508 and thats where its closed at.

neilbond007

Cage wrote: »

I was just searching a websites, notices xe.com's live rates at 1.508 and thats where its closed at.

Gotcha. This looks like the rate they are trading at...

Cage

neilbond007 wrote: »

Gotcha. This looks like the rate they are trading at...

What site is the best for looking at the 'real/proper' rate Neil ?

neilbond007

Cage wrote: »

What site is the best for looking at the 'real/proper' rate Neil ?

I use http://www.dailyfx.com/.com
I also use good old yahoo to look at graphs http://finance.yahoo.com/currency-investing

Cage

neilbond007 wrote: »

I use http://www.dailyfx.com/.com
I also use good old yahoo to look at graphs http://finance.yahoo.com/currency-investing

Thanks for those.

Wow, just shows, xe.com is miles out.

neilbond007

Cage wrote: »

Thanks for those.

Wow, just shows, xe.com is miles out.

It's not really miles out. it's the rate that they sell at i'm guessing... i also use this to get the selling rates of companies... this is for £10k
http://sendmoneyhome.org/Content/searchresults.php?countries=GB&destinations=US&amount=10000&submit=Search&submitted=true