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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
I think cable could easily range between say 1.56 and 1.50 for a bit longer, before it does anything much more dramatic. Not sure if it'll go much below 1.50 in the short term, unless there is great uncertainty following the election or some serious bad news. In Europe I think the Greek (etc) tragedy will continue to play out.
Who knows what George Soros is up to; he's a clever fellow, although I don't think his public utterings are necessarily any indication of how he (or his minions) are trading, or indeed how ordinary mortals should trade :-)
Karan.
What you think on the explanation of Soros on GBP devaluation in near term ?
Ashraf
EU/IMF confrence in Athens on April 19th ( next Monday). I think however it won't last long as no action will follow. The fundamentals are, UK elections aside, positive for GBP and negative for EUR and this won't change unless EU really acts and quits talking. Will most likely enter EUR/USD long ( was short until today) .