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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
@Desi: the 1.53 has been pierced briefly today but we stay sub 1.53 so far. Personally I'm short, mainly because the positive US data but there is now the possibility of Conservative Party win which should be GBP positive if I understand it correctly.
Anyone agree ?
according to this Bloomberg articlehttp://bit.ly/bCvkR6 the Conservative Party may win 20-seat parliamentary majority (latest polls). GBPUSD opened today with over 70pips gap. What is your view of further direction of this pair? EURUSD keeps friday's levels, so the GBP gap could be related to more optimistic speculations over election result and the rosy future of UK's economy.
tnx,
pta