GBP/USD could fall to 1.05: report
Feb 25th 2010, 5:44 am
#1
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GBP/USD could fall to 1.05: report
I've always liked Swiss banks............ 
http://www.telegraph.co.uk/finance/c...UBS-warns.html
....and it's touching 1.5330 as I write, which means:
GBP/AED = 5.63.
GBP/SAR = 5.75.
GBP/BHD = 0.5780.
http://www.telegraph.co.uk/finance/c...UBS-warns.html
....and it's touching 1.5330 as I write, which means:
GBP/AED = 5.63.
GBP/SAR = 5.75.
GBP/BHD = 0.5780.
Feb 25th 2010, 6:04 am
#2
banned
Joined: Oct 2008
Posts: 7,611
Re: GBP/USD could fall to 1.05: report
i get paid in $$ so i would love a 1:1...
Feb 25th 2010, 8:23 am
#4
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Location: Dubai
Posts: 2,082
Re: GBP/USD could fall to 1.05: report
Anyone earning any currency pegged to the USD is effectively earning USD....so me 2!
Although don't give a cr.ap about the sterling.
Feeling particularly chuffed about my timing of my USD NZD savings transfers back and forth though.
Although don't give a cr.ap about the sterling.
Feeling particularly chuffed about my timing of my USD NZD savings transfers back and forth though.
Feb 25th 2010, 9:13 am
#5
Lost in BE Cyberspace
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Joined: Jul 2007
Posts: 13,553
Re: GBP/USD could fall to 1.05: report
I've always liked Swiss banks............
http://www.telegraph.co.uk/finance/c...UBS-warns.html
....and it's touching 1.5330 as I write, which means:
GBP/AED = 5.63.
GBP/SAR = 5.75.
GBP/BHD = 0.5780.
http://www.telegraph.co.uk/finance/c...UBS-warns.html
....and it's touching 1.5330 as I write, which means:
GBP/AED = 5.63.
GBP/SAR = 5.75.
GBP/BHD = 0.5780.
Feb 25th 2010, 10:13 am
#6
Account Closed
Joined: Jul 2007
Posts: 7,028
Re: GBP/USD could fall to 1.05: report
According to my calculations, if the rate fell to 1.25 which surely would be the bottom (1.05 seems rather extreme) this would represent an exchange rate of approx. Dhs4.59 per GBP. Great news for those able to save a few thousand Dhs a month to remit back home.
Feb 25th 2010, 4:15 pm
#7
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Posts: 15,887
Re: GBP/USD could fall to 1.05: report
I've always liked Swiss banks............
http://www.telegraph.co.uk/finance/c...UBS-warns.html
....and it's touching 1.5330 as I write, which means:
GBP/AED = 5.63.
GBP/SAR = 5.75.
GBP/BHD = 0.5780.
http://www.telegraph.co.uk/finance/c...UBS-warns.html
....and it's touching 1.5330 as I write, which means:
GBP/AED = 5.63.
GBP/SAR = 5.75.
GBP/BHD = 0.5780.
Remember when oil was 90USD and rising? the reports said it will hit 200USD. As soon as it started to drop I was seeing reports of 5-10USD.
One of them once said to me... when you look up, you can only see up. When you look down, you can only see down.
That said, I have some AED to move back home soon and was pleased to see today's results...
Feb 25th 2010, 4:39 pm
#8
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Posts: 23,434
Re: GBP/USD could fall to 1.05: report
The end is nigh...
Feb 25th 2010, 6:12 pm
#9
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Re: GBP/USD could fall to 1.05: report
As much as I would love this to... it's not going to happen! I know a few people (from UBS) who write these research reports. I fail to see what science they use or value they add in their analysis. They literally get yesterdays results and project the same forever on a straight line basis.
Remember when oil was 90USD and rising? the reports said it will hit 200USD. As soon as it started to drop I was seeing reports of 5-10USD.
One of them once said to me... when you look up, you can only see up. When you look down, you can only see down.
That said, I have some AED to move back home soon and was pleased to see today's results...
Remember when oil was 90USD and rising? the reports said it will hit 200USD. As soon as it started to drop I was seeing reports of 5-10USD.
One of them once said to me... when you look up, you can only see up. When you look down, you can only see down.
That said, I have some AED to move back home soon and was pleased to see today's results...
Today I see (a) the UK economy is crap, we may lose our precious AAA-rating, and we may even default on our debts. And I see (b)....... er...... nothing.
Last edited by The Dean; Feb 25th 2010 at 6:13 pm. Reason: .
Feb 26th 2010, 5:32 am
#10
Not an evil hypnotist
Joined: May 2007
Posts: 1,975
Re: GBP/USD could fall to 1.05: report
I take a similar view, but from the opposite perspective. If a trend is established - up or down - I look for (a) reasons for it, and (b) what might turn it round.
Today I see (a) the UK economy is crap, we may lose our precious AAA-rating, and we may even default on our debts. And I see (b)....... er...... nothing.
Today I see (a) the UK economy is crap, we may lose our precious AAA-rating, and we may even default on our debts. And I see (b)....... er...... nothing.
Feb 26th 2010, 7:15 am
#11
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Re: GBP/USD could fall to 1.05: report
And I actually do think the USD will retain its status - it's the world's commodity currency, and the US has a stable government, and its capital market is one of the few places in the world that is big enough and liquid enough to absorb capital inflows without causing too much market disruption.
Feb 26th 2010, 7:46 am
#12
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Re: GBP/USD could fall to 1.05: report
No sorry - I think recovery in the US will happen before, say, Europe. In some ways it already is, albeit in a patchy fashion. By definition, if Greece is in trouble, so are Germany and France (it is no longer possible, post-EMU, to 'arbitrage' between European currencies).
And I actually do think the USD will retain its status - it's the world's commodity currency, and the US has a stable government, and its capital market is one of the few places in the world that is big enough and liquid enough to absorb capital inflows without causing too much market disruption.
And I actually do think the USD will retain its status - it's the world's commodity currency, and the US has a stable government, and its capital market is one of the few places in the world that is big enough and liquid enough to absorb capital inflows without causing too much market disruption.
It was only a few months back people started talking about the euro taking over the USD as the worlds reserve currency. The talk has died down pretty quick.
Feb 26th 2010, 8:09 am
#13
Not an evil hypnotist
Joined: May 2007
Posts: 1,975
Re: GBP/USD could fall to 1.05: report
I don't necessarily disagree, but I'll keep watching the US economy pretty closely. I don't think we've heard the end of bad news from there.
Note: I do not class the closing of Hummer as bad news
Note: I do not class the closing of Hummer as bad news
