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

inspector_monkfish

1.5315 trading as we wait for the BOE Inflation report

whatusername

A good report should see a further rally. Maybe we will soon see over the counter $ at 1.50 to the £.

kefrif

Nope - seems to be like a migrating bird. Heading south for the winter. Dropped a cent in under 10 minutes. !!!!!!!

inspector_monkfish

[10:37 GBP/USD: Drops to Threaten 1.5242 on BoE Inflation Report] London, May 13.

Cable has fallen by more than half-a-cent to threaten 1.5242 (intra-day low) since the 09:30GMT publication of the quarterly BoE Inflation Report. The Old Lady says that the MPC expects a "relatively slow" economic recovery, with BoE Governor Mervyn King adding that the UK economy "requires a period of healing that will take time" .

DaMaNiAc82

Why can't we have a few optimistic economic reports coming out for a few days! Up-and-down like a roller-coaster at the moment!!!

inspector_monkfish

DaMaNiAc82 wrote: »

Why can't we have a few optimistic economic reports coming out for a few days! Up-and-down like a roller-coaster at the moment!!!

because ther is not alot that is very optimistic about the economy at the moment !! ;)

whatusername

If we could see a bit of optimism from the head hencho's then maybe we would begin to see some consumer confidence.

It's a big vicious circle.

1.51618

inspector_monkfish

whatusername wrote: »

If we could see a bit of optimism from the head hencho's then maybe we would begin to see some consumer confidence.

It's a big vicious circle.

1.51618

he's only saying it like it is!!
unlike EU and US that like to dress their economy up as all rosey, and green shoots...

inspector_monkfish

after trading at 1.5315 before the BOE report, it fell to a low of 1.5140
it now appears to have bounced off that to trade higher at 1.5180

neilbond007

Morning all. Hope we're keeping it $ based talk. TOURIST rate too.
Don't want them power crazy tigers slapping our legs again now do we.