South Lorne Posted March 3, 2010 Share Posted March 3, 2010 (edited) Looks like a single trade. Weird. Must be massive. Maybe some trading algorithm blew a fuse. ...good spot by Moneyscam but what data did Deepfat have...he's not divulging... Edited March 3, 2010 by South Lorne Quote Link to comment Share on other sites More sharing options...
LeeT Posted March 3, 2010 Share Posted March 3, 2010 I heard that insurance deal which caused the drop on Monday morning has become unwound. http://www.forexlive.com/ 'Cable has jumped again, now above 1.5050, and GBP/JPY is back at 133.50 (resistance levels at 133.75 and 134.00). This is all short covering on the news that the Prudential deal might yet be scuppered which would then involve significant un-hedging (if that’s a word!). Cable resistance is at 1.5100'. Quote Link to comment Share on other sites More sharing options...
tpbeta Posted March 3, 2010 Share Posted March 3, 2010 I heard that insurance deal which caused the drop on Monday morning has become unwound. Looks like those consumer figures were un-embargoed at midnight http://www.automatedtrader.net/real-time-news/34126/nationwide-consumer-confidence-index-rises-to-80-in-feb-vs-74-prior Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted March 3, 2010 Share Posted March 3, 2010 ..you're right.. Sterling Midnight Falling against Dollar/Euro is one thing, if you want to see the real destruction of the currency check out the charts of sterling against a whole lod of other currencies in that list. Quote Link to comment Share on other sites More sharing options...
Guest Noodle Posted March 3, 2010 Share Posted March 3, 2010 Falling against Dollar/Euro is one thing, if you want to see the real destruction of the currency check out the charts of sterling against a whole lod of other currencies in that list. Herro! Yuo luv mei loooong tyme . . . I pai yuo fife dorrra . . . a day. Quote Link to comment Share on other sites More sharing options...
shindigger Posted March 3, 2010 Share Posted March 3, 2010 Herro! Yuo luv mei loooong tyme . . . I pai yuo fife dorrra . . . a day. Flip flop. Ding dong......... Quote Link to comment Share on other sites More sharing options...
South Lorne Posted March 3, 2010 Share Posted March 3, 2010 Falling against Dollar/Euro is one thing, if you want to see the real destruction of the currency check out the charts of sterling against a whole lod of other currencies in that list. ...we know about the falls against even the Zim Dollar ...but at midnight last night sterling spiked upwards for some reason...and went green (up) against most currencies see the linked chart.... Sterling Midnight Quote Link to comment Share on other sites More sharing options...
tpbeta Posted March 3, 2010 Share Posted March 3, 2010 ...we know about the falls against even the Zim Dollar ...but at midnight last night sterling spiked upwards for some reason...and went green (up) against most currencies see the linked chart.... Sterling Midnight It was the Nationwide consumer confidence figures being released. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted March 3, 2010 Share Posted March 3, 2010 It was the Nationwide consumer confidence figures being released. ..the nationwide announcements are known for their VI propaganda ...but deepfats prediction so far on this thread after 10pm last night is holding true...what did he know that others did not...?...up to 1.51 now... '>Sterling Midnight 2/03 - 3/023 Quote Link to comment Share on other sites More sharing options...
deflation Posted March 3, 2010 Share Posted March 3, 2010 (edited) The $ is down against a lot of currencies today, but up v the NZ dollar for some reason. Edit: Looking at this, http://news.bbc.co.uk/news/business/market_data/currency/11/13/intraday.stm I'd say the £ shot up v the $ at about 2345 last night, as it also did v Yen and the € at the same time. Edited March 3, 2010 by deflation Quote Link to comment Share on other sites More sharing options...
nuts Posted March 3, 2010 Author Share Posted March 3, 2010 I was actually expecting a bigger move up by the £ today. So I am not claiming that it has been a "Good day" ... but certainly not a bad one. For those of a nervous disposition, beware this market - it will shake out the fearful to sell £ at the bottom. FWIW, I do think the outlook for the £ will continue to be weak in the medium term. Where the f**k are our austerity measures - the Greeks are putting us to shame at the moment. Quote Link to comment Share on other sites More sharing options...
council dweller Posted March 3, 2010 Share Posted March 3, 2010 I was actually expecting a bigger move up by the £ today. So I am not claiming that it has been a "Good day" ... but certainly not a bad one. For those of a nervous disposition, beware this market - it will shake out the fearful to sell £ at the bottom. FWIW, I do think the outlook for the £ will continue to be weak in the medium term. Where the f**k are our austerity measures - the Greeks are putting us to shame at the moment. Yer did well considering how consistantly badly Gbp has performed. Look at today's Gbp/Yen.... Looks like a terminal patient on steroids. http://news.bbc.co.uk/news/business/market_data/currency/11/14/intraday.stm Quote Link to comment Share on other sites More sharing options...
South Lorne Posted March 3, 2010 Share Posted March 3, 2010 Where the f**k are our austerity measures - the Greeks are putting us to shame at the moment. ..Government masking denial that we need such measures as they try to win the election under false pretences .... Quote Link to comment Share on other sites More sharing options...
Dubai Posted March 4, 2010 Share Posted March 4, 2010 (edited) I can't believe it.... I last checked GBP / CAD a couple of months ago.... it was bad, about 1.75...... I looked today...... 1.55...... the pound has already crashed against many currencies. It was 2.35 to the pound in March 2007.... it's dropped 80c in 3 years.... un-ferkin-believable Edited March 4, 2010 by Dubai Quote Link to comment Share on other sites More sharing options...
Guest Noodle Posted March 4, 2010 Share Posted March 4, 2010 I can't believe it.... I last checked GBP / CAD a couple of months ago.... it was bad, about 1.75...... I looked today...... 1.55...... the pound has already crashed against many currencies. It was 2.35 to the pound in March 2007.... it's dropped 80c in 3 years.... un-ferkin-believable Not really. All things considered. Quote Link to comment Share on other sites More sharing options...
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