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dear friends as a market poprietary trader in a forex bank lets get a better
handle on this
the uk has weak growth only marginally better than europe
a weak cable facilatates a weaker eur stg which is there primary objective
but the euro is critcally weak
uk rates are below us rates first time in 8 yrs
25 tonnes of gold a quarter has zero to do with the currency if anything
they said they wud reinvest some into euroes... am sri but this is not a
huge transaction
uk intrest rates will not rise for at least 6 months the central bank does
not cut rates 1 mnth ago just to put them up the next month bob
regards
mark oliver
i have a web page on my own forex model
all are welcome to see my trading style
www.paratechnics.pair.com
-----Original Message-----
From: Patrick Dugan <dugan@xxxxxxxxxxxxx>
To: DKillen491@xxxxxxx <DKillen491@xxxxxxx>; realtraders@xxxxxxxxxxxx
<realtraders@xxxxxxxxxxxx>
Date: Friday, July 09, 1999 6:06 PM
Subject: Re: currencies- british pound
>The British Pound is getting hit for several reasons.
>
>1) The trade was expecting a 25 base increase in rates but monetary policy
>was left unchanged.
>2) 25 million tons of gold were auctioned off on Tuesday, with 25 more tons
>due to be auctioned each quarter for the next 3 quarters. The trade feels
>this will continue to pressure the market
>
>If I can be of further assistance please call me at 1800 5265767 or Email.
>Our division works with many different types of professionals. We offer
>competitive service and rates.
>
> Bob/Chicago
>
>* Information deemed reliable but not guaranteed. Commodity futures and
>options has significant risk.
>-----Original Message-----
>From: DKillen491@xxxxxxx <DKillen491@xxxxxxx>
>To: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
>Date: Thursday, July 08, 1999 10:19 PM
>Subject: Fwd: currencies- british pound
>
>
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