Can we expect this trend to continue?

[Amatay]

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/12/11/three_month.stm

[Free_Rollin]

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.

[maxward]

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.

[Amatay]

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

[maxward]

Dollar position is expected to weaken, so will be worth less

[CelticGeezeer]

How about euros ?

[maxward]

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