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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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montmorency
UK
Posted Anonymously
14 years ago
Mar 3, 2010 18:37
Cable: While I'm not saying it can't go higher, I notice that after 2 days, it still has barely made it back to the levels before its sharp fall of Monday 1st. Not like the Euro (which probably has cleverer politicians speaking for it - or maybe not so clever, if what they secretly want is a weak Euro.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Mar 3, 2010 17:26
The Guardian was saying that the recent Gilts auction went (surprisingly) well, which presumably means that some people have confidence in Sterling.
http://www.guardian.co.uk/business/2010/mar/02/investors-buy-2bn-government-bonds
speculator
Posted Anonymously
14 years ago
Mar 3, 2010 14:09
sterling needs some rally for it to drop again like a stone its only normal. the only concern i have if a very large majority of the market remains ultra sterling bearish then sterling could rally for a while as there would be technically little room for further selling. This is what normally happens when a security has bottomed in value. Therefore sterling needs some positive data temporarily to suck some bulls in but guys remember sterling on paper is still the riskiest out of the bad bunch.
montmorency
UK
Posted Anonymously
14 years ago
Mar 3, 2010 10:37
While I'm not confident about gold (I've always opined that it is a "special case"), I _am_ moderately confident that the pound will go down from here. We expect to get bounces and I'm only surprised we've not had one sooner after its recent sharp fall.

For what its worth here is a view from The Guardian newspaper from 1st March:
http://www.guardian.co.uk/business/2010/mar/01/viewpoint-pound-v-dollar
Maria
Juarez, Mexico
Posted Anonymously
14 years ago
Mar 3, 2010 9:45
Ashraf, Cable seems to be temporairly rising yesterday and today. Does you think it is capped at 1.5100? Where can one concider adding new shorts on cable? Thank you, Maria.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 3, 2010 7:23
Why would I bother placing a stop at this level? Already up 80 pips as GBP at 1.490.

My limit order is 1.4568. Should be there on Friday.
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 3, 2010 2:19
@Pipped, what kind of stop is good for this cable short at 1.5070? Please advise.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 3, 2010 2:16
HOLY MOLY - I cannot believe I was able to short GBP at 1.5070.

GOD BLESS THE CABLE CARTEL
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 2, 2010 18:23
GBP close to resistance today of 1.4990 - if it holds - then a tumble down 100 pips is possible
joe tan
singapore, Singapore
Posts: 1
14 years ago
Mar 2, 2010 13:01
Hi Ashraf, i am just concerned with the gap down from the beginning of the week. Do you think it will get filled up some time this week before it goes for a dive downwards?
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