Cable Update (GBPUSD)

cable had a nice hat trick for your ass.

i can't hear youuuuuuuuuuuuuuuuuuu

middle day is always boring for trading isn't it?!

a real lot, gets you edgy waiting!

now getting better at least, any ideas were cable moves next for the day?

BBC chief to unveil plan for future; 1,800 jobs expected to be cut

LONDON - BRITISH Broadcasting Corp employees threatened on Wednesday to strike as the media giant's chief prepares to unveil his blueprint on streamlining for the digital age with less money - a plan insiders say includes a net loss of 1,800 jobs.


News and documentary divisions are expected to be hard hit by the cutbacks, which BBC journalists say threaten the quality of the corporation's output.

BBC Director-General Mark Thompson was to present the plans to the corporation's governing body later Wednesday before announcing them to staff and the public on Thursday morning.

Some details of the plan, however, leaked out after Mr Thompson briefed senior executives on Tuesday night and were immediately reported by BBC journalists.

A total of 2,800 jobs will be cut, the BBC reported, citing sources who attended the meeting. However, under the plan about 1,000 new jobs will be created in the broadcaster's new media department. The BBC employs about 23,000 people.

About 500 jobs would be cut in BBC News, mostly by combining the television, radio and online newsrooms, BBC correspondent Nick Higham reported late on Tuesday.

The BBC also plans to sell its Television Centre in west London, where most of its television shows and nearly all its national TV and radio news programs are produced, as part of efforts to make up for a 2 billion pound (S$5.97 billion) shortfall.

The funding gap comes after the government forced BBC management earlier this year to accept a lower than desired fee from viewers.

The BBC is funded directly by the license fee, a tax paid by British households that use a TV set.

Journalists and production staff gathered outside the broadcaster's headquarters on Wednesday to lobby BBC Trust members as they arrived for a meeting to finalise the plans.

Unions want to meet with management before any job cuts take effect. They threatened to strike if speculation that management will begin offering buyouts on Friday prove true.

'We would see that as a provocative act and we would immediately start to ballot for strike action,' said Mr Gerry Morrissey, the general secretary of the broadcasting workers' union.

BBC Trust chairman Sir Michael Lyons told reporters when he arrived for the meeting that the trust would approve the plan to strengthen the corporation.
'There are some difficult decisions to make and we will take all the issues into very careful consideration,' Sir Michael said.

'This isn't a one-off exercise - we will approve the plan today, possibly with further changes,' he said. About a dozen employees handed out pamphlets to other staff outside the headquarters. Others carried banners reading: 'Save our BBC' and 'Breaking News... Salami slicer strikes again (and so will we).' -- AP

nothing seems to be able to save the dollar at the moment.. stronger than expect cpi didn't help the cause.

2.04 for certain - gimme 20% of your winnings for the advice and send it to the church of pipology, stone mountain georgia !

Maybe beige book report could help the dollar retain some saving grace.
Oh well, seeya folks.

The CPI rose by 0.3% in Sept, with a 0.5% rise in food, a 0.3 increase in energy prices and a 0.2% rise in core prices. These were relatively restrained changes with few large movements anywhere in the complex of prices. However, food bears watching, especially because it undermines consumer disposable income and is a frequent chance for consumers to be exposed to the changes in price.
-----
Housing starts fell by 10.2% to an annual rate of 1.191 mln in Sept with a downward revision for Aug to 1.327 mln (had been 1.331 mln). Permits fell by 7.3% to 1.226 mln. The fact that the decline in permits was less than that in starts means that most of these permits were used in Sept and only a small portion are truly leading indicators, but since there were more permits issued than homes started, there were some held back for future use.

i shall enter the long with target 2.04 and 20% will be for you then!

DOW & Gold all green,Daily bar above 365...perfect settings for long GU to 0425!

back to the endless trend

Oil @ 88.10 again

Go loonie, we want 0.0379 plz

Yeah, I agree.. I've been short on loonie for months.. from 1.1800.. I didn't expect it to do so well.. Oil was around 50 bucks when I shorted.

Cable touching the upper resistance of the Triangle!!! Finally we see some action! 1 hr chart RSI overbought already. Do you think it still have some momentum to break the resistance line? I am expecting some retracement now.

hmm.. my resistance line is at 2.0440.

PL down to +13.36 from +15.X%


pissing pain in the ass, its like WTF is going on, was trying to short, I hate this ()*$#%^&*()*&^%&*

wow
that's a year live trade
a rich man

my oldest longterm short in this was in the pullback in august @1.0730

if and only if this flag confirmed, it's target around 2.1

c'mon cable, do it and I will cover my house with England's flag

2.1 !!!! wow wouldnt that be nice

i could sell my old english car and buy a porsche in the US