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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
is 1.5770 the final high of GBPUSD or we may see more upside trend....
thx
looking at the 5min gbpusd from the 22nd 23rd support line, this intersects today with the 50% fib retracement @ 15615-17 its a steep trendline, im preparing for a very 'dancing around' that fib level day.
Ashraf, if the Treasury committee decide on interest rate rise what does this do to sterling strength ? am i right in saying the numbers look more encouraging than the usa / and if so even if gdp is slightly optimistic that would mean we are recovering ahead of the states and 'most' of europe? so which ever way sterling looks to gain against the dollar until such time we see the revised gdp /and or more positive stateside news?
REASD THIS AHEAD OF TOMORROWS BANK OF ENGLAN TESTIMONY
http://business.scotsman.com/business/Bill-Jamieson-Let39s-hope-the.6440800.jp?articlepage=2
Ashraf