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pohjola%20real%20time%20quotes Is there a thread for EUR/GBP? What are your views on the pair in the coming months?
Predicts from 18 Mar still valid
1.35 still valid in Short Term
Mid/Long term is still slightly bullish GBP
Dan - re CAN:GBP - Dont expect a lot more downside that what we are seeing now (mid/high 1.7) . Risk reward mid/long term is against Loonie although further downside short term is possible
Dailys still really bearish with a trendline at 1.3815
Am waiting for break of 1.41 before entering short or long - if 1.41 holds then will be going long for retrace to 1.48 area if 1.41 breaks than contiuned down to 1.38 and possible onto 1.35
Trading with small lots and wide SL’s - expect movement to be wild this week and dictated by events (G7,G20 speeches, US auto speech, Trichet speak tomorrow if you follow EUR) rather than technicals/fundmentals
Any inputs on expected GBP - INR forex movement in April 2009? I want to convert my GBP savings into Rs. and want to understand if GBP will aprreciate in near future?
Actually i agree w most of u that GBP may move up to 1.50. I have a lot of AUD on hand and tot of buying GBPAUD at 2.05 or lower.
Sunitha - do not trade INR and have not insight or views on GBP/INR
In general Sterling is over bought and some signs economic positive signs recently may lead to postive movement in short/mid term but i have no strong view either way
Latest target hit - will wait for further direction before make further trades on cable - suspect we will see retract to down for 300 pips or so…..but not predicting this with confidence. Mid term trend is still mildly to bull
above post should read over sold!!
Key levels now at 1.50x and 1.44x
Any break and hold of 1.50x would be very significant. Massive resistance will be experienced at 1.50x and break would mean reassessment of positions
Similarly break to down of 1.44x would mean this rally is likely response to events (G20) rather than change in technical/fundamentals and would be back with bearish moves to 1.3x area
Either way – Friday tends to be USD positive, i am out of cable until clear direction after last move. Trading USD/EUR is much easier at the mo
GBP do seem a good buy with AUD at the current price, multi year lows.
I’m moving to Scotland to study next September and by August I’ll have to exchange a large quantity of money from USD to GBP, to pay the fees for tuition and accommodation (I’ll need aroung 25.000 GBP). I’m afraid the exchange currency by mid summer won’t be on my favor, and I had already calculated my budget when the currency was at 1.45. What can I do meanwhile to save some money? Do you recommend this Risk Reversal Execution in my case?? More info please..
Hi,
I am carring eight thousand pound with me when it was 140/= in Pakistani rupees please suggest me something good so I can’t face loss Do I have to wait for long time if yes so please tell me how long will it take to recover else will be better to convert it to some other currency
Regards
Shahzil
Dear friends,
I am an Indian living in Hungary. Hungarian Forint (HUF) exchange rate is currently GBP ~ 325 and Euro ~ 305. Is it better to change HUF now either to Euro or GBP? GBP ~ 75 Indian Rupees (INR) and Euro 67 INR. I can wait until august 2009 for GBP to recover against INR or Euro to rise up. Kindly suggest me which of the currencies I should trade. Thanks in advance, wish u all happiness, peace, and prosperity. Cheers, c ya.
Hi I am an Indian and will be moving to London in August for higher studies. I wish to convert my savings from INR to GBP (aprox. 30 lakh INR). Should I wait till July or should I convert the amount right away?
Short on GBP/USD till 1.44x levels - SL at 1.485
Nearly 300 pips movement in a day again on USD side - Will reassess when we reach 1.45 but suspect strong moves to down to continue.
Hi.. my question is the same as Aby. I will be moving to UK in August and am wodering if I should convert my money from INR to GBP now or wait still July/August. I’m kicking myself for not having done it in Jan when the Pound was around 67 INR.. it around 72 INR now I think.
Very helpful thread by the way! Thanks.
Sang - as i have said before i do not trade INR and do not have any strong opinions either way
General opinion on GBP is it will steadily improve as confidence returns to the equity market and riskier assets become more widely traded. Sterling does have the potential to collapse however i think we will see gradual re-balancing of sterling in the medium to long term.
I would not expect a return to 85-90 INR in the coming months (similarly i would not expect return to £1 = $2) but i would expect potential pullbacks towards the mid/upper 70 range. However this is not the opinion of an expert but more MHO on GBP in general
Hi, I need to convert around 1500 pounds to USD what is the best time to do that? Is there any chance of further drop in pound? do u see any further rise of pound in couple of months?? please advise on this. Thanks in advance…
Hi Kalyan,
All depends on timescales on how long you can wait. Also see Paul’s post re collaring
If you are holding out purely for forex market moves then As posted before $1.44 & 1.50 are massive areas for sterling and these configurations are still valid.
I moved out of cable after last down move stalled (less than 40 pips gained) and have not entered since.
Corp. results are coming out and these could be massive players in the coming weeks for this pair esp. banking sector
Ok gamble time….
I am against the general trend and am short on sterling at 1.4990 level. Targets are 1.4832, 1.4630. SL at 1.5130
If trendlines not broken from 1.354 & 1.411 levels then still expecting mid-term bullishness
This is not a call i am making with a great deal of confidence but GBP has broke 1.50 3 times and fails to hold, so i expect pullback towards up trendline from 1.354
Am expecting big movements in the coming weeks for cable either to up or down…..time to hold onto your hats!!
Other thing of notice was 250 pips rise in sterling even though down went down 1.5% Yesterday
Ok sterling was helped by Wells Fargo & GoldSachs news but still sign of cable moving without influence from DOW. General trend has been for cable to follow or lag slightly behind DOW