Euro (€) Currency Thread

alexhart

inspector_monkfish wrote: »

cheers, any ideas why its gone back over 1.10, and if its likely to continue?

[FONT=&quot]it has gone over 1.10 following positive data and comments from BoE policymakers instilling a degree of hope about a recovery in the UK economy. And recovering from the knee jerk reaction from poor gdp figures out last Firday.


the current support in the market is 1.0980 (propping up the market) and resistance is at 1.12

if we can stay above the 1.0980 support the market momentum is upward

if interested in daily market updates on GBP, Euro and Dollar check out http://currencyexchange-advice.com/currency-market-updates/[/FONT]

inspector_monkfish

thank-you alex
you don't get that kind of info by just watching the www.xe.com page....

motoring on up to 1.1145 this morning

jammin_2

http://www.xe.com/

inspector_monkfish

jammin wrote: »

http://www.xe.com/

brilliant!

inspector_monkfish

1.1170 to start the day

pimento

I just got 1.08 when I bought euros in Thomas Cook in London.

MaxTheDog_2

http://www.xe.com/

inspector_monkfish

MaxTheDog wrote: »

http://www.xe.com/

brilliant!

inspector_monkfish

09:28 02Nov09 STERLING JUMPS AFTER STRONGER-THAN-EXPECTED UK MANUFACTURING PMI
09:29 02Nov09 UK GILT FUTURES TURN NEGATIVE AFTER SURPRISINGLY STRONG MANUFACTURING PMI DATA
09:30 02Nov09 STERLING RISES NEARLY HALF A U.S. CENT TO $1.6392 <GBP=D4>
09:41 02Nov09 Sterling trims losses, gilts fall on UK PMI

LONDON, Nov 2- Sterling trimmed losses and UK gilts fell on Monday, after a stronger-than-expected reading of UK manufacturing activity showed the sector had expanded after prolonged weakness.

The CIPS/Markit purchasing managers index of manufacturing activity rose to 53.7 in October from an upwardly revised 49.9 in September, signalling the fastest pace of growth since November 2007 and beating forecasts for a rise to 50.0.

Sterling <GBP=D4> jumped to $1.6400 after the data from around $1.6354 beforehand. Still, the pound traded 0.3 percent lower on the day.

The euro <EURGBP=D4> fell to around 90.10 pence from 90.28 pence ahead of the announcement. The euro pulled back from big gains on the data, but still traded 0.8 percent higher on the day.

The December gilt future fell to a session low of 118.46, down eight ticks on the day, having stood 3 ticks higher before the data.

Britain's FTSE 100 <.FTSE> rose slightly after the data, up 0.4 percent on the day at 5,062.72 by 0935 GMT.

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1.1095 trading

deedeeliz

Hi there,

i've been quoted 1.08 if I buy from thomsons today, do you think i'll get a better deal in the next day or so in a shop?