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GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
after BEO decision. What you think about GBP\USD
Thank you
D\Ashraf
Bank of England, after keeping the reform program on 175 billion Do you still believe that sterling will fall to 1.6060 ?
Hey Ashraf ,
Do you still see the down trend channel on gbp/jpy ? and this ( up to aprox. 150 even 151- you said last date is possible a rebound to max 151.7 ) is just a corrective moving ? what you say ? it is feasible to see this pair 140 or maybe more this months ? can you give me , please , an advice about that ? i am still short on this pair...
raulin, who told you market priced rate hikes in UK? their LIBOR is falling fast. yes, it looks like to factor higher QE later in year.
Ashraf
You have learnt a lesson in trading today! Technical analysis is only a part of the trading game. I am extremely cautious of technical levels and only use as a guide. You MUST understand the fundamentals and it was quite obvious to me based on the fundamentals that yesterday was only dip and great time to get back in and short the US dollar again! awesome gains today as we have all seen. you should also think about low leverage and different entry points therefore decreasing your risk, or using a hedge. Anyway, take responsibility for your own actions! you are the one doing the trading. One bad trade should not break you if you are in the 10%.
3 questions really. Has the market factored into sterlings price an assumption that UK will be the first of US/EU zone to raise rates? Has it factored in an assumption of negative real interest rates on deposits and thirdly does it have factored in increase in QE that will be necessary to finance huge fiscal deficit?
kind regards
Raul
can GBPUSD give a close above 1.6394?
rajib
I have mentioned this before but this is not a signals site. Don't risk your money until you know what you are doing. I can tell you for example that GS have a very different outlook for eur/gbp over next 3 months. Who are you going to believe ?. There are a lot of people here with opinions it does not mean they can read the future