Article 50 - £ and the USA $
Discussion
As above the rate has not changed and has actually gone up by 1/2 cents in the last week.
http://m.ferates.com/mastercard/usd
http://m.ferates.com/mastercard/usd
boxst said:
Not much of an effect by the triggering of Article 50 -- down 2c to $1.24. I was looking to sell at $1.20.
Yes, I think it was all priced in - no 'new' news to speak off. I retook my GBP/EUR position at 6am - sold it midday with about 0.75% profit! Though I still want to take a long position and hold it ..fido said:
boxst said:
Not much of an effect by the triggering of Article 50 -- down 2c to $1.24. I was looking to sell at $1.20.
Yes, I think it was all priced in - no 'new' news to speak off. I retook my GBP/EUR position at 6am - sold it midday with about 0.75% profit! Though I still want to take a long position and hold it ..twinturboz said:
Interesting spot for it to reject at today around 1.252. If it holds should make it's way to the 1.21 area in the short term. If it cracks 1.272 then opens up the door for 1.31's
Hoping for <$1.20 still... Would be nice to cash out some USD and get them into this year's ISA allowance and then straight into next year's!
Gah - Knew I should have cashed in the USD at $1.20.
Looks like it has dropped a bit (over bought? Shorts clearing out?) but I think we will see a rise now due to the certain Tory GE victory.
However, that suddenly seems to be overshadowing the fact that there is still a lot of A50/ future uncertainty.
I have a job being paid in USD coming up, so need to have a think about the likely FX over the next few months.
Looks like it has dropped a bit (over bought? Shorts clearing out?) but I think we will see a rise now due to the certain Tory GE victory.
However, that suddenly seems to be overshadowing the fact that there is still a lot of A50/ future uncertainty.
I have a job being paid in USD coming up, so need to have a think about the likely FX over the next few months.
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