Euro (€) Currency Thread

Loopy_Lobes

1.137 ish at the mo

and that = 1.121 with Caxton

harryhound

Am I the only person not fluent in gobbledy gook?

What is this stuff (can I buy it on ebay to rewire my home or is it something to do with a Liberal Democrat politician) ?

"We expect cable to stay relatively firm in the very near term"

inspector_monkfish

harryhound wrote: »

Am I the only person not fluent in gobbledy gook?

What is this stuff (can I buy it on ebay to rewire my home or is it something to do with a Liberal Democrat politician) ?

"We expect cable to stay relatively firm in the very near term"

harry, i thought you new better
'cable' is the name for gbp/usd
it has been trading well above 1.50 all week, and is expected to remain there in the 'very near term'

harryhound

Well now I and the other readers of this thread know better.
Is this some old term relating to the days when deals had to be done over the cables laid across the ocean in the 19th century?
The good old pre 4.80 dollars to the pound?

http://www.miketodd.net/encyc/dollhist.htm

inspector_monkfish

harryhound wrote: »

Well now I and the other readers of this thread know better.
Is this some old term relating to the days when deals had to be done over the cables laid across the ocean in the 19th century?
The good old pre 4.80 dollars to the pound?

indeed it is

http://www.investopedia.com/terms/c/cable.asp

inspector_monkfish

1.1390 trading

inspector_monkfish

11:00 07May09 GERMAN MAR MFG ORDERS ADJ +3.3% MM; UNADJ -26.7% YY
11:00 07May09 GERMAN MAR MFG ORDERS FORECAST -0.5% ON MONTH
11:00 07May09 GERMAN MAR MFG ORDERS: FOREIGN ORDERS ADJ +5.6% MM
11:00 07May09 GERMAN MAR MFG ORDERS: DOMESTIC ORDERS ADJ +1.1% MM
11:00 07May09 GERMAN ECON MIN: BIG TICKET ORDERS BOOSTED MFG ORDERS IN MAR
11:00 07May09 GERMAN ECON MIN: MFG ORDERS RAISE HOPES FOR NOMALIZATION
11:00 07May09 DJN-DJ German Manufacturing Orders Jump In March


FRANKFURT --German manufacturing orders unexpectedly jumped in
March, as both foreign and domestic orders recovered from February, raising hopes
for an economic recovery, economics ministry data showed Thursday.

The volume of new orders rose 3.3% on the month, on a seasonally adjusted
basis, buoyed by a large number of big ticket orders, the ministry said.

The outcome, which marks the first rise in manufacturing orders since August
2008, was well above economists' forecasts of a 0.5% drop.

The latest data "raise hope for a normalization" in demand following six
consecutive months of declining orders, the ministry said.

The unexpected gain was led by a 5.6% monthly rise in foreign orders;
domestic orders increased 1.1% on the month.

inspector_monkfish

BOE leaves rates unhanged at 0.50%
Announces extra £50bn QE.


gbp/eur falls to 1.1300

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

inspector_monkfish wrote: »

BOE leaves rates unhanged at 0.50%
Announces extra £50bn QE.


gbp/eur falls to 1.1300

creeping back up
1.1335