Pound kicks Dollar's arse

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7952319.stm

The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy.

The dollar fell by 2.7% against the euro and by 2.2% against the pound.

The US currency also declined against the yen, the Norwegian krone, the Australian dollar and Brazilian real.

The Fed's decision to buy debt means it is effectively creating new money, leading to concern from investors about the over-supply of dollars.

Dollar rally ends

The dollar traded at $1.428 against the pound, its lowest since late February.



I see Gold is shooting up and so are commodities. FIAT currencies are becoming worthless as the major banks head for the printing presses. Fill yer wheelbarrows!

[sasguru]

[url]
I see Gold is shooting up ...

[AlfredJPruffock]

http://news.bbc.co.uk/1/hi/business/7952319.stm

The dollar has fallen against all major currencies after the US Federal Reserve announced a plan to buy $1.2tn (£843bn) of debt to boost its economy.

The dollar fell by 2.7% against the euro and by 2.2% against the pound.

The US currency also declined against the yen, the Norwegian krone, the Australian dollar and Brazilian real.

The Fed's decision to buy debt means it is effectively creating new money, leading to concern from investors about the over-supply of dollars.

Dollar rally ends

The dollar traded at $1.428 against the pound, its lowest since late February.



I see Gold is shooting up and so are commodities. FIAT currencies are becoming worthless as the major banks head for the printing presses. Fill yer wheelbarrows!

Norwegian Krone is looking good.

[threaded]

Norwegian Krone is looking good.

Indeed. Apparently there's a few getting worried that the Swiss will vote in changes to their banks secrecy laws, so they're doing a runner.

[fckvwls]

Sasguru and his missus boomed!

Only a couple left though

[AlfredJPruffock]

Indeed. Apparently there's a few getting worried that the Swiss will vote in changes to their banks secrecy laws, so they're doing a runner.

Yep its looking the Roll could be over for the Swiss.

Also - do you remember we used to have a poster named MailMan who would constantly remind us of how wonderful and superior the US economy was ane how vital thr Iraq War was - just wondering why he is now notable by his absence?

[denver2k]

Still GBP-USD is about 2% down as compare to last month.

[sasguru]

Also - do you remember we used to have a poster named MailMan who would constantly remind us of how wonderful and superior the US economy was ane how vital thr Iraq War was - just wondering why he is now notable by his absence?

In an ideal world Mailman put his money where his mouth is, volunteered for the war in Iraq and is busy fighting the baddies.
But more likely he got sacked from his role sorting mail in the mailroom.

[sasguru]

Also - do you remember we used to have a poster named MailMan who would constantly remind us of how wonderful and superior the US economy was ane how vital thr Iraq War was - just wondering why he is now notable by his absence?

In an ideal world Mailman put his money where his mouth is, volunteered for the war in Iraq and is busy fighting the baddies.
But more likely he got sacked from his role sorting mail in the mailroom.

[swamp]

In other news, Euro kicks Pound's arse.

(I will be finding out myself when I go skiing on Saturday...)