fluffy666 Posted February 26, 2010 Share Posted February 26, 2010 Just got call from a 'bullmeister' city boy pal - bloody hell! said everyone very nervy on £ and warned me to prepare. Que 3 cent rise in late trading. Quote Link to comment Share on other sites More sharing options...
LuckyOne Posted February 26, 2010 Share Posted February 26, 2010 Que 3 cent rise in late trading. It is up to 1.5470? I thought that it was still languishing at about 1.5170. Quote Link to comment Share on other sites More sharing options...
deflation Posted February 26, 2010 Share Posted February 26, 2010 (edited) Ordered my holiday money in Jan for April at £1 = €1.1750. /smug mode. Not exactly in the quantity traders do every day, but getting £500 at that rate is turning out to be just about the only correct decision I've made so far this year. Edited February 26, 2010 by deflation Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted February 26, 2010 Share Posted February 26, 2010 Que 3 cent rise in late trading. Hah, just what I was thinking. HPC contrarian indicator in action. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 26, 2010 Author Share Posted February 26, 2010 It is up to 1.5470? I thought that it was still languishing at about 1.5170. GBP =Inverse: 1.51610 0.65959 1.11679 0.89542 I think its time to bail out if sterling. Wish I had made the move last week at 1.62! Quote Link to comment Share on other sites More sharing options...
leicestersq Posted February 26, 2010 Share Posted February 26, 2010 Just got call from a 'bullmeister' city boy pal - bloody hell! said everyone very nervy on £ and warned me to prepare. Was he nervy about it going up or down? And prepare for what? Tonight's booze up paid for by mugs selling the pound at $1.51? Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted February 26, 2010 Share Posted February 26, 2010 £ down against the $. gold rising. time for a nice cup of tea and some self congratulating..... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 26, 2010 Author Share Posted February 26, 2010 Not to panic but I am on my way to NW to transfer my bond into US $--90 day penalty is nothing compared wit the loss if the pounds drops another cent! Our debt situation, housing crash resuming, poltical uncertainty, printing on the back of almost zero GDP (the US just announced last Q GDP at 5.9% that is + 5.9%). 1 GBP =Inverse: 1.51626 0.65952 1.11659 Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted February 26, 2010 Share Posted February 26, 2010 (edited) Not to panic but I am on my way to NW to transfer my bond into US $--90 day penalty is nothing compared wit the loss if the pounds drops another cent! Our debt situation, housing crash resuming, poltical uncertainty, printing on the back of almost zero GDP (the US just announced last Q GDP at 5.9% that is + 5.9%). 1 GBP =Inverse: 1.51626 0.65952 1.11659 That will be annualised though won't it? You need to chill RB. You are 75% in USD, why worry about the little hedge you have in GBP? Edit: Sorry RB, just seen it was 2/3rd not 75%. Please feel free to panic now. Edited February 26, 2010 by bobthe~ Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted February 26, 2010 Share Posted February 26, 2010 Not to panic but I am on my way to NW to transfer my bond into US $--90 day penalty is nothing compared wit the loss if the pounds drops another cent! Our debt situation, housing crash resuming, poltical uncertainty, printing on the back of almost zero GDP (the US just announced last Q GDP at 5.9% that is + 5.9%). 1 GBP =Inverse: 1.51626 0.65952 1.11659 "hey mr bear. why are you running around from bank to bond to bank. why dont you take it easy with cadburys physical gold holding...... boyong... Quote Link to comment Share on other sites More sharing options...
'Bart' Posted February 26, 2010 Share Posted February 26, 2010 IMO, gold has had its run and now its time to sell. Hello...? Coinivestdirect? I'd like to place an order. A BIG order. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted February 26, 2010 Share Posted February 26, 2010 Hello...? Coinivestdirect? I'd like to place an order. A BIG order. yes he is always very 'bruno' with the gold talk. very bruno.... Quote Link to comment Share on other sites More sharing options...
repetitive bleats Posted February 26, 2010 Share Posted February 26, 2010 http://www.shardcore.org/shardpress/index.php/2010/02/26/money-thats-what-i-want/ hmm... sterling has the look of death about it. i want one of these! Quote Link to comment Share on other sites More sharing options...
'Bart' Posted February 26, 2010 Share Posted February 26, 2010 hmm... sterling has the look of death about it. i want one of these! Zombie currency for zombie banks. Quote Link to comment Share on other sites More sharing options...
indirectapproach Posted February 26, 2010 Share Posted February 26, 2010 (edited) "Just got call from a 'bullmeister' city boy pal - bloody hell! said everyone very nervy on £ and warned me to prepare." On Monday I was buying dollars (with pounds), no worries, no stress. My banker raised an eyebrow, nothing more. I bought some more on Wednesday and the banker is giving me a kind of ... "yeah, smart, you're right about this," vibe. My wife is trying to buy dollars this afternoon and her bank are giving her obfuscation, blocks, all sorts of shyte. They are asking for signatures they already have and have not asked for before, not answering the phone, cutting her off ... It feels "a bit" like autumn 2008. Just a nugget from my coal face. Edited February 26, 2010 by indirectapproach Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted February 26, 2010 Share Posted February 26, 2010 Ordered my holiday money in Jan for April at £1 = €1.1750. /smug mode. Not exactly in the quantity traders do every day, but getting £500 at that rate is turning out to be just about the only correct decision I've made so far this year. till 2 days ago you could of got cancelled currency orders with crown currency direct - delivery in may $1.70 £ "up" to $1.525 Quote Link to comment Share on other sites More sharing options...
Guest Noodle Posted February 26, 2010 Share Posted February 26, 2010 So, how far down is it [GBP] going and when should I buy it and how long to hold it? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 26, 2010 Author Share Posted February 26, 2010 till 2 days ago you could of got cancelled currency orders with crown currency direct - delivery in may $1.70 £ "up" to $1.525 I have closed by UK bond account and setting up a wire for Monday into US $--yikes the delay could be a killer! Spoke to my US bank and their foreign desk was so busy they were unable to give me a spot rate. Fidelity are one of the biggest instituions in the world and when their currency desk is busy its busy everywhere. I believe we will see sterling weaken to the 1.40's or perhaps worse as the last domino, house prices, is about to go giving Gordon nothing else to boast about. The boom has finally ended in a complete bust from houses to jobs. Nothing positive left. Slight uptick from the lows: 1 GBP =Inverse: 1.52576 0.65541 Quote Link to comment Share on other sites More sharing options...
deflation Posted February 26, 2010 Share Posted February 26, 2010 (edited) till 2 days ago you could of got cancelled currency orders with crown currency direct - delivery in may $1.70 £ "up" to $1.525 That's who I used. I didn't buy any of the 'cancelled currency orders' (sceptical of that, none left now anyway) because the time frame wasn't far away enough. As I write this, you can get €1.1625 for delivery after 13th May. Minimum £300. Their dollar rate for the same date has dropped to $1.585. Edited February 26, 2010 by deflation Quote Link to comment Share on other sites More sharing options...
fallingbuzzard Posted February 26, 2010 Share Posted February 26, 2010 Hung parliament. Going to murder the pound over the next few months. Something is spooking the market today. Quote Link to comment Share on other sites More sharing options...
piece of paper Posted February 26, 2010 Share Posted February 26, 2010 (edited) Hung parliament. Going to murder the pound over the next few months. I don't really see why. The 1974 minority government was unworkable because the Liberal party was so small. They are large enough now for Lib/Dems to be Kingmakers. A coalition of the Lib/Dems with either Labour of Conservatives could bring in something totally new - a government that more that 50% voted for!!! p-o-p Edited February 26, 2010 by piece of paper Quote Link to comment Share on other sites More sharing options...
'Bart' Posted February 26, 2010 Share Posted February 26, 2010 A coalition of the Lib/Dems with either Labour of Conservatives A new Lib-Lab pact? Quote Link to comment Share on other sites More sharing options...
wren Posted February 26, 2010 Share Posted February 26, 2010 Sterling has just hit a new record low against gold. It now costs 731.89 to buy one ounce of gold. Quote Link to comment Share on other sites More sharing options...
Guest Noodle Posted February 26, 2010 Share Posted February 26, 2010 Sterling has just hit a new record low against gold. It now costs 731.89 to buy one ounce of gold. Oh dear. That'll add a bit to a David Beckham pendant at Elizabeth Duke. Expect riots. Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted February 26, 2010 Share Posted February 26, 2010 GBP =Inverse: 1.51610 0.65959 1.11679 0.89542 I think its time to bail out if sterling. Wish I had made the move last week at 1.62! mmm, ive been waiting for a good while to buy some sterling for a few months at around 1.48, (thinking of converting about 20% of my savings into it, it will almost make me feel British again). the RB contra indicator gives me confidence Quote Link to comment Share on other sites More sharing options...
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