Forex rebates on every trade - win or lose!

"Short term target 1.9900 then 2.0100" - Nicole Elliott, Mizuho Corporate Bank at 07:30 this morning.

That would be very nice :)

Chocco: depends where you earn your money :(

Are we nearly there yet :)

15 pips to go . . . sit still and be quiet in the back.

I have it hitting 2.0003 before backing off. An easy target now.

so tell me all you whizzes, where do you see Cable topping out? ...... My guess is 2.03 but I sure would not be selling $ with rate already very close to 2.00.

At least my (company's) May position taken at 1.9450 is very nicely profitable!

Currently around 2.0020 - or another 120 pips from there, a tidge above Nicole's target (and rising).

Nicole Elliott this morning said inter alia "At-the-money implied volatility looks too low considering we are at levels where there is almost no resistance points. A test of the key $2.0000 area, where sharp intra-day swings are likely, looks imminent". This was at 07:54 this morning, but the implication is watch out for stop-busting swings.

Dear Chancellor

Dear King

Interesting letters, "not our fault, old boy, external events, didn't we do well, I'm alright, you're alright. Er, that's it."

Err ... the chimp uses a felt tip pen.

Looks like he had to take a break from his colouring in:-)

Afternoon folks, time I got back into Fx again. Anything happened over the last 3 weeks :-)

Oh, I see, the man who would be Prime Minister can't find a decent pen!

edit, our business rent at one of our sites has gone up by over 40% over the last three years. That must be the effect of 2% p.a. compounding.....

ever-escalating rents are a serious problem to high streets and the like .... don't care so much about offices, as overall they contribute little to the local economy.
However, as a landlord, it is difficult to refuse market rates when leases come up for renewal.

WASHINGTON (AP) - The Labor Department is expected to report this morning that its consumer price index rose 0.6 percent in March, and the core index, which strips out energy and food costs, climbed 0.2 percent.

Last week, the core Producer Price Index came in flat, alleviating some worries about the inflation rate getting too high. A strong inflation reading at the consumer level could rekindle anxiety that the Federal Reserve may need to raise interest rates to curb rising costs.

Retail sales rose in March at the fastest clip in three months, helped by warmer weather and an early Easter.

Analysts cautioned that sales were likely to slow in April, given the recent surge in gasoline prices that will leave consumers with less money to spend on other items.

For March, sales rose by 0.7 percent, the Commerce Department reported Monday. And the government revised its estimate for sales in February from a lackluster 0.1 percent to a stronger 0.5 percent gain.

The March increase, the strongest since a 1.1 percent rise in December, was helped by the fact that Easter came eight days earlier than last year, boosting shopping in March. Warmer weather during the month put consumers in a buying mood after a cold and snowy February.

LONDON (Thomson Financial) - The dollar fell further, with the pound extending its gains above the key 2 usd mark, after US inflation figures came in below expectations.

Figures released this afternoon showed US CPI inflation rose 0.6 pct in March from February, while core prices rose just 0.1 pct. Both are slightly below expectations for rises of 0.7 and 0.2 pct respectively.

At 1.38 pm BST, the pound was trading at 2.0045 usd, up from 2.0029 just before the US CPI release, while the euro rose to 1.3562 usd from 1.3541 previously.

The pound touched a high of 2.0061 usd immediately after the release, extending gains following much stronger-than-expected UK CPI data this morning which propelled the currency above 2 usd for the first time since 1992, just before it fell out of the European Exchange Rate Mechanism.

Oooh weeeee

:o)

Short Cable now - hoping for a decent fall.