Exchange rate

Old May 9th 2007, 1:13 pm
  #106  
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Default Re: Exchange rate

Originally Posted by vegasrockstar View Post
Interest rates have been raised by 0.25% today.
Ignore me - a colleague at work was winding me up - I didn't realise that the decision is tomorrow!
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Old May 9th 2007, 4:56 pm
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Default Re: Exchange rate

vegasrockstar, where are you in Essex?
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Old May 9th 2007, 7:44 pm
  #108  
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Default Re: Exchange rate

US FOMC left rates unchanged, hints at no sign of rate cuts. Not the news those of us looking for a good rate wanted.
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Old May 10th 2007, 10:04 am
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Default Re: Exchange rate

OK -so back up to 2.20 this morning - marginal move - might I even get one cent or two more by end of today ?? I am poised, like a coiled sloth, ready to pounce on my phone ....
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Old May 10th 2007, 10:07 am
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Default Re: Exchange rate

Originally Posted by ann m View Post
OK -so back up to 2.20 this morning - marginal move - might I even get one cent or two more by end of today ?? I am poised, like a coiled sloth, ready to pounce on my phone ....
Hope you get lucky Ann, it's quite possible from what I've been reading this morning.
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Old May 10th 2007, 11:33 am
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Default Re: Exchange rate

Thanks Steve - fingers crossed, toes crossed, eyes crossed - I look great
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Old May 10th 2007, 11:44 am
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Default Re: Exchange rate

Originally Posted by steve666 View Post
Hope you get lucky Ann, it's quite possible from what I've been reading this morning.
Bah!

I'm still waiting for my HiFX account to be set up!
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Old May 10th 2007, 11:53 am
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Default Re: Exchange rate

Originally Posted by ann m View Post
I am poised, like a coiled sloth
Love it! I shall file it away for future use.
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Old May 10th 2007, 12:01 pm
  #114  
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Default Re: Exchange rate

Hike 25bp As Expected!!
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Old May 10th 2007, 12:03 pm
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Default Re: Exchange rate

Originally Posted by cneldred View Post
Hike 25bp As Expected!!
Now I guess we wait for Toronto to open...
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Old May 10th 2007, 12:04 pm
  #116  
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Default Re: Exchange rate

Ahhh, i was jsut about to ask how long i should sit now before i call HIFX??

Is there anything else due in the net few weeks i should know about please??
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Old May 10th 2007, 12:05 pm
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Default Re: Exchange rate

Originally Posted by cneldred View Post
Hike 25bp As Expected!!
*cries*
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Old May 10th 2007, 12:08 pm
  #118  
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Default Re: Exchange rate

Originally Posted by Andthen View Post
*cries*
What are waiting from HiFX??
It took me about 2 hours to set it up and make a deal.
Used fax, email and telephone to do it mind.
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Old May 10th 2007, 12:11 pm
  #119  
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Default Re: Exchange rate

Originally Posted by cneldred View Post
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.
If they cut rates, the US dollar is toast. They can't raise without crashing the economy and they can't cut without crashing the economy. And with Chinese costs and wages increasing, they can't hold without increasing inflation.

Anyway, after the wimpy BoE rate rise today I think I'll be closing my savings accounts next week and shipping the rest of my money out of here. They should have raised 0.5% if they were at all serious about inflation.
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Old May 10th 2007, 12:32 pm
  #120  
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Default Re: Exchange rate

Some of the comments with the rate hike from BOE were hinting at cuts later in the year.
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