Anyone playing with FX recently?

**DimPrawn** · 15 December 2009, 19:04

Originally posted by xchaotic View Post

Hi.

I am observing some interesting fluctuations between GBP (pound getting stronger for some reason) and some European currencies, I was wondering, could anyone give me an idea on what might the driving force behind it?

Flash Gordon. Saviour of the universe!

**HairyArsedBloke** · 15 December 2009, 19:08

Originally posted by DimPrawn View Post

Flash Gordon. Saviour of the universe!

Gordon's alive

**pzz76077** · 15 December 2009, 19:26

One possible explanation: http://www.bloomberg.com/apps/news?p...d=apTHsFXl1G8w

Though tis also the time for end of year rallies, sell offs etc also.

PZZ

**HairyArsedBloke** · 15 December 2009, 19:34

GBP/EUR is just back to where it spent most of November. It's at the bottom of it's range against the USD.

The USD has found a little bit of strength against EUR. Greece and Ireland going titsup.com may be undermining the euro.

Note: This is not investment advice.

**SantaClaus** · 15 December 2009, 19:37

It's more to do with the $ strengthening, that euro is going down. EURUSD got slaughtered over the last few weeks.

The pound has been in a tight range against the dollar for a whole week, hence the drop in EURGBP.

Reasons: Individual news items don't mean much. I think it's more to do with Risk Aversion coming into play, that $ is strengthening.

Anyone playing with FX recently?