Euro (€) Currency Thread

inspector_monkfish

TuftyMatt wrote: »

Got to be a little bit of inside info from the BOE

haha
thats libelous isn't it ??

TuftyMatt

If you think I refered to the Bank of England then I can see your point.

In fact I was talking about the new financial company that I run called "Bail Out Euro"

whatusername

TuftyMatt wrote: »

If you think I refered to the Bank of England then I can see your point.

In fact I was talking about the new financial company that I run called "Bail Out Euro"

:T pretty quick mate :T

:rotfl:

inspector_monkfish

10:43 13May09 GBP weaker after BOE inflation report

(GBP) GBP weakens across the board following the release of the BOE inflation report. Cable back around 1.5250, down from 1.5310, while EUR/GBP is higher at 0.8975, up from 0.8940.

inspector_monkfish

[10:48 EUR/GBP: Buoyed by Pretty Dovish BoE IR, Offers at 0.9000] London, May 13.

EUR/GBP has risen by more than half-a-penny to an intra-day high four pips shy of touted offers at 0.9000 on the back of a pretty dovish BoE Inflation Report.


BoE Governor Mervyn King says "even if there is recovery in next 6-9 months we do not know how sustainable that will be" (Reuters). King is speaking at the post-IR press conference.

TuftyMatt

You have to laugh don't you.

The BOE puts out a statement that is in line with what most sensible people think and down we go again.

The Eu statements = reflect what is happening over there and yet we see no rise in the pound.

inspector_monkfish

after trading at 1.1190 before the BOE report, it fell to a low of 1.1080
it now appears to have bounced off that to trade higher at 1.1120

inspector_monkfish

TuftyMatt wrote: »

You have to laugh don't you.

The BOE puts out a statement that is in line with what most sensible people think and down we go again.

The Eu statements = reflect what is happening over there and yet we see no rise in the pound.

at least our guys are honest !!:cool:

we're knackered, we know we are, and we say it like it is.

EU and US are also equally knackered, if not worse, but they try to dress it up like its all getting better....

from what i know, markets always correct themselves when the truth is out....

TuftyMatt

inspector_monkfish wrote: »

at least our guys are honest !!:cool:

we're knackered, we know we are, and we say it like it is.

EU and US are also equally knackered, if not worse, but they try to dress it up like its all getting better....

from what i know, markets always correct themselves when the truth is out....

I think the market will wake up one day Inspector but it won't come quick enough for me this year. Need my cash in a few weeks and think that the pound bashing will go on much longer than that.

The quote from MK about the weak pound helping us in our recovery should be seen as a positive by us all on this thread. While our money doe's not go so far in our holiday resorts at least the UK economy will rise in the end because of it.....LOL

inspector_monkfish

1.1135 trading here