Timber Marketplace TIMBERWeb Global Timber & Lumber Marketplace
15 Years 104 Days Online 		Site Map  

Dutch Timber Marketplace Greek Timber Marketplace Indian Timber Marketplace Timber Timber Russian Timber Marketplace Arabian Timber Marketplace
Spanish Timber Marketplace Japanese Timber Marketplace Chinese Timber Marketplace French Timber Marketplace German Timber Marketplace Italian Timber Marketplace
 
 Home 
 Marketplace 
 Directories 
 News & Events 
 About Us 
     
               
 Login 
JOIN TIMBERWeb NOW
Timber
Timber
Timber
Timber
Timber
Timber
Timber
Nominet
Timber
Timber
Timber
Home  News  Industry News

 
Email this to a friend    Publish Your News   
Global - It looks like it is the turn of the Euro to come under pressure, as the pound moves back above €1.15 and the dollar is still in demand....
Last week was one of the most volatile periods of this year so far, with the pound looking very sick at one point but managing to move back higher against the Euro and staying soft versus the dollar. After making a good recovery back up above $1.5750 against the Greenback the price has dropped to our major support level again at $1.5550- the lowest point for nine months-and bounced back to open on Monday just above $1.5650. This rate has fallen in value by over 4% in three weeks which is the sharpest decline seen since the turmoil in the markets this time last year and it may take some time now for Sterling to fight back from this shock move. There are some suggestions from senior dealers that this may be the bottom of the current range, but nothing surprises us at the moment and it could be possible to see further losses down to $1.53 at some point, with any upside movement thought to be limited now to around $1.58. It is going to be very difficult to predict with any confidence what may happen given the instability of so many major economies, but the range for Sterling looks to be between $1.55 and $1.58 for this week at least. The Euro remains under huge pressure of late, mainly due to the uncertainty regarding certain member states, and this scenario looks like being us for a good few months.

Source: Cornhill FX

Feb 2010

 

  Which TIMBERWeb Membership is best for you?
  Freight & Transport Exchange
  Take a Tour of TIMBERWeb
  Add Offer / Requirement
  Members Login
  Recommend this Site
  Link to Us
  Join Online:
  
AVG Internet Security - Tough on threats.
Home  |  About Us  |  Member Benefits   |  Join Online  |  Contact Us  |  SiteMap  
Privacy Statement  |  Membership Terms & Conditions  |  Usage Terms

Copyright 1995-2010 TIMBERWeb Trading Ltd. All rights reserved.