|
Title: Can we expect this trend to continue? Post by: Amatay on October 12, 2009, 07:37:25 PM http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/12/11/three_month.stm
Title: Re: Can we expect this trend to continue? Post by: Free_Rollin on October 12, 2009, 08:13:35 PM It looks this way. I can't see the pound recovering anytime soon, and rates are predicted to stay at a similar rate for atleast another year or so. There are also predictions for the cable rate to go down to around the $1.40 mark.
Title: Re: Can we expect this trend to continue? Post by: maxward on October 20, 2009, 11:05:05 PM The message I get from our currency brokers in canary wharf is that 2/3 wk spread will be similar but we expect budget disclosures and some large NYSE results in the coming 6-8 weeks which could impact on the strength of the dollar, as will the continued resurgance of crude oil prices. On this basis I would expect approx 10/15% swing come December.
Title: Re: Can we expect this trend to continue? Post by: Amatay on October 20, 2009, 11:11:54 PM The message I get from our currency brokers in canary wharf is that 2/3 wk spread will be similar but we expect budget disclosures and some large NYSE results in the coming 6-8 weeks which could impact on the strength of the dollar, as will the continued resurgance of crude oil prices. On this basis I would expect approx 10/15% swing come December. English pls :-) will the $$ in my poker accounts be worth more or less in Dec? ty Title: Re: Can we expect this trend to continue? Post by: maxward on October 20, 2009, 11:14:08 PM Dollar position is expected to weaken, so will be worth less
Title: Re: Can we expect this trend to continue? Post by: CelticGeezeer on October 20, 2009, 11:43:39 PM How about euros ?
Title: Re: Can we expect this trend to continue? Post by: maxward on October 20, 2009, 11:52:50 PM I will pose the question tommorow, I only know the dollar position because I ahd to hedge a bunch earlier today
Update - I have just got a text from a colleague who thinks there is talk of pressure on the ECB to conveen in the coming weeks to drop the interest rate, which will devalue the euro further vs the pound |