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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (20676)	6/5/2009 4:01:19 AM
From: maceng2	Read Replies (2) \| Respond to of 71462

Darling 'to remain as chancellor' news.bbc.co.uk Have yet to see a relief surge in the GBP as a result of this important news, in fact it continues to wilt, I guess the important guys have yet to read the news. Maybe the trains are late or something. Somehow the Chancellor reminds me of this guy in "Blackadder" en.wikipedia.org Oh!... of course, it's the name... silly me -g- /edit. I think 1.6000 must a line drawn in the sand. lets see what happens.

To: maceng2 who wrote (20676)	6/11/2009 5:36:58 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71462

Look now, even the EUR/Pound trade reversed,... Sterling climbs on GDP view, hits '09 high vs euro * Sterling rises, hits 2009 high vs euro at 85.32 pence * NIESR data shows UK economy grew in April, May * More economic optimism to boost pound higher, analysts say LONDON, June 11 (Reuters) - Sterling hit its strongest level of the year against the euro on Thursday after data showing the UK economy grew in April and May added to the view that the worst of the downturn may be over. UK think tank the National Institute of Economic and Social Research on Wednesday said the economy shrank by 0.9 percent in the three months to May from the previous three months, but grew 0.2 percent on the month in April and 0.1 percent in May [nLAJ000220]. The figures followed a rise in UK industrial production released on Wednesday, and market participants said they contributed to optimism that the economy may have stabilised after weakening dramatically last year. "Chances of a recovery in the UK economy are more likely than what people are given credit for," said Neil Jones, head of European hedge fund sales at Mizuho in London. "The economic view is changing from very grim to stable, and that is bullish for the pound." Investors awaited a Bank of England report on Inflation Attitudes later in the day. Optimism about an economic recovery prodded sterling as high as 85.32 pence against the euro in early London trade according to Reuters data, its strongest level since early December. Sterling was up 0.2 percent at $1.6383, having climbed as high as $1.6438 in earlier trade and pulling further away from $1.5803 hit early in the week. The pound has recovered from a fall late last week and earlier this week due to concerns about challenges to Prime Minister Gordon Brown's leadership. Since then, the British political situation seems to have stabilised for the moment. Some people in the market said sterling had more room to gain versus the dollar and the euro as optimism that the UK economy is improving will continue to attract overseas investors to UK assets. Their prices took a severe beating after the financial crisis escalated in autumn. (Reporting by Naomi Tajitsu; Editing by David Stamp) ((naomi.tajitsu@reuters.com; +44 207 542 5830; Reuters Messaging: naomi.tajitsu.reuters.com@reuters.net)) Keywords: MARKETS STERLING OPEN