Exchange rate

Old May 4th 2007, 10:15 am
  #91  
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Default Re: Exchange rate

no bad news for the US means rate cuts, which in turn means a weaker dollar. They wouldn't put rates up if the ecomony was is trouble, they would cut them in an attempt to stimulate the economy.
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Old May 4th 2007, 10:28 am
  #92  
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Default Re: Exchange rate

Cheers for not taking the opportunity to call me an economic ignoramus.



Shall be watching the news this afternoon with interest.
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Old May 4th 2007, 10:29 am
  #93  
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no problem
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Old May 4th 2007, 12:37 pm
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Default Re: Exchange rate

data was mixed, they didn't create as many jobs as hoped, but there was reduced average hourly earnings. Basically, market still doesn't know what is next move from the Fed. More clues in rate meeting next week hopefully.
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Old May 4th 2007, 12:38 pm
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Default Re: Exchange rate

thanks for that, was jsut trying to look it up for myself, so most timely post!!
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Old May 8th 2007, 9:16 am
  #96  
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Default Re: Exchange rate

$2.20 today, that's it, I'm not looking anymore
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Old May 8th 2007, 9:28 am
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Default Re: Exchange rate

Originally Posted by Danny B View Post
$2.20 today, that's it, I'm not looking anymore
DOOMED!! WE'RE ALL DOOMED!!
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Old May 8th 2007, 10:01 am
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Default Re: Exchange rate

So - do I bite the bullet today at 2.20 (it was 2.18 over the weekend) - or do I wait two more days, till the BofE announcement and pray that it works in my favour ? God, I hate this bit ...
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Old May 8th 2007, 10:10 am
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Default Re: Exchange rate

Originally Posted by ann m View Post
So - do I bite the bullet today at 2.20 (it was 2.18 over the weekend) - or do I wait two more days, till the BofE announcement and pray that it works in my favour ? God, I hate this bit ...
I'd wait until the Interest rates go up, which we all know they will this month.
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Old May 8th 2007, 10:18 am
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Default Re: Exchange rate

Originally Posted by Danny B View Post
I'd wait until the Interest rates go up, which we all know they will this month.
You do realise Danny that if Ann does as you suggest, then it goes down 10 points, your arse as well as the rest of you will be in BIG trouble...
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Old May 8th 2007, 11:04 am
  #101  
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Default Re: Exchange rate

Originally Posted by ann m View Post
So - do I bite the bullet today at 2.20 (it was 2.18 over the weekend) - or do I wait two more days, till the BofE announcement and pray that it works in my favour ? God, I hate this bit ...
Personally, I'm waiting until the B of E annouce the increase to exchange!

So, if I'm wrong the OH says my arse is oot ra windae anawe!

Kenny
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Old May 8th 2007, 12:59 pm
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Default Re: Exchange rate

Originally Posted by steve666 View Post
You do realise Danny that if Ann does as you suggest, then it goes down 10 points, your arse as well as the rest of you will be in BIG trouble...
mmm !
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Old May 8th 2007, 1:44 pm
  #103  
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Default Re: Exchange rate

I know I'm waiting until the BoE raises the rates before buying any currency.
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Old May 8th 2007, 1:50 pm
  #104  
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Default Re: Exchange rate

Interest rate announcement from US tomorrow night is going to have more effect than Thursdays announcements from Bank of England (hike expected) and ECB (unchanged expected). Talk of the slight possibility Bank of England go 1/2% on thursday is the reason for the small bid back to 2.20 in the last couple of days.
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Old May 9th 2007, 11:47 am
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Default Re: Exchange rate

Interest rates have been raised by 0.25% today.
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