Euro (€) Currency Thread

dealsearcher

Inspector,

There really is no point in feeding the troll.

inspector_monkfish

dealsearcher wrote: »

Inspector,

There really is no point in feeding the troll.

:rotfl: oh please let me....... he makes me smile

dealsearcher

... By the way it's Monday morning at the start of that 'next week' when the forcast was for pound / euro at 1.15 and it's now down to 1.112. Is it likely to perk up shortly and why?

inspector_monkfish

no idea, ask antenna, that was his prediction.....(i just agreed with him!!)

markets this morning are not liking the Lloyds news, or some comments in the Sunday Times from a Bank of England chap. So whilst they soak up and digest that, the Pound is suffering against the EUR and USD in early morning trade.

gbp/eur at 1.1090 and gbp/usd at 1.4010 at the moment

but, hey, 1 week is a long time in forex.....

inspector_monkfish

09:16 09Mar09 FX: Focus comment - Gbp the early week loser

09:15 GMT - [GBP THE EARLY WEEK LOSER] The Pound is getting hit across the board
in early Europe. A Swiss bank has been the latest major seller (via the
Euro), following the earlier sales of Cable. Clearly, with little else to
draw broader market attention given the data light slate, ongoing UK
financial sector concerns are a convenient excuse to trash Gbp again, as
UK banking shares are well in the red today.

TuftyMatt

Well the good old pound is hurting today standing at 1.104 ish currently.

I thought we would have seen a push onwards in recent weeks to around 1.15 but it's not happening yet.

The best rate I have seen this year is 1.126 with caxton so I am keeping my fingers crossed I can beat that in about 10 weeks time when I go away.

inspector_monkfish

10:53 09Mar09 Gbp gets hit on large UK sales (amongst others)

10:51 GMT - Swiss bank demand for Eur/Gbp and German sales in [CABLE] have been
noted during the European morning so far, with the headline now making
fresh session lows under 1.3900 as another wave of large selling (the
latest from a UK clearer) hits the market. Talk that a UK clearer rights
issue is not enough to cover their losses may also be a reason behind the
sell -off, whilst another UK bank is said to have sold in size for stops.
CB sales have been reported through 1.3910, and models have been buying
Eur/Gbp as the cross rallies up into the 0.9080/90 area. Talk of an
Australian fund with Cable supply has also done the rounds, and Japanese
sales of Gbp/Yen have been noted. A US prime now is supposedly advising
customers with long Eur/Gbp positions to take profit as we head up to the
psych 0.9100 level.

inspector_monkfish

inspector_monkfish wrote: »

1mth Euribor fixed at 1.447
3mth Euribor fixed at 1.757

ECB meeting at 12.45 today

1mth Euribor now 1.361
3mth Euribor now 1.703

inspector_monkfish

threatening to fall through 1.09 at the moment

inspector_monkfish

lots of figures out in the morning...

7.00am German figures (CPI, HICP, Exports, Imports, Trade Balance)
7.45am French figures (Ind ouput, exports, imports)
9.00am Italian figures (producer prices)
9.30am UK figures (Ind output, manufacturing output)
10.00am EuroZone figures ( producer prices)

could be an interesting morning...