GBP

the boe devalued the pound the same way it did it in 1992 by anchoring the money creation to the third phase of inflation; the first one in the 1980s the second after 1992 nad then the third one we r experiencing.
Mervin King projected the UK one time at forward point compared to its european counterpart.
where other have said contraction he was going for expansion. why? because he recognized i think well before a lot of people that we r in secular commodities supercycle.

in conjunction

Said, I could see your levels because they fitted my scenario if GU topped at 5935 and corrected back down again for potential 3rd leg of large ABC corrective. Now that it's made a new high I have to rethink my analysis.

To be honest I think UK and Germany are 100 miles apart. I don't have the confidence in uk economy and our ability to make the planned deficit cuts and thereby retain control from the bond markets and credit agencies. For me, Germany is about the only nation with a potentially sound economy and wonderful manufacturing export base but they need to get back to their own currency, ha.

Therefore I take hardly any notice of the miriad of economic analysts all punting their opinions. The only economics commentator I read is John Mauldin who has proven himself to me over 10 year period. I really do trade what my charts are telling me for longer term positioning and just for fun I do some news trading intra day.

Following other analysts be they tech or fundamental has never been a good play. You only have to read prechter over last 15 year period to know that he has mixed his fundamental opinions onto his charts and the result of that is usually a disaster. Timing is everthing for trading.

ok dave
u maybe going to be surprised by what is coming not by me

sterling is on a major trend that is gonna push it at summit
but before sterling wil have to correct by 6/7 percent roughly, that correspond to the level i gave u.
The MPC is going to decide about QE2 and that will be another phase of money creation in direction of CIS india canada and for some time in australia.
the creation and renewal of imbalances is primordial in the economic model developped and thus only for instance euroatlantic will take more form but only with the impulse of great britain and germany.

you wouldnt appreciate my french very much Said. Didnt mean to be rude, just my experience but of course it takes time to come into tune with a new forum.