GBP

jim rogers is a trickster i would not believe a word of what he says. he seems like an awful market timer and what he claims he does probably is not all true either.

having said that, i expect cable to weaken until q2 UK gdp is published. a combined us/uk double dip will hit cable along with a uk only double dip. both seem highly likely which could put extreme pressure on the pound in 2010.

Jim Rogers has some very strong comments on the Pound:

"Other currencies aren't strong and the Euro has real problems, with cracks much wider than Greece beginning to show," Rogers continues, "but it's the Pound that's most vulnerable. In real terms, it's already devalued against virtually every currency barring the Zimbabwean dollar and it's especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown."
http://media.einnews.com/article.php?pid=73800

Personally I'm now flat GBP/USD for the weekend. We'll see what bounces we get after the open, and in Europe/NY sessions. Cable has been quite good to me today and this week. I'm not going to push it.

Took long on cable.Anybody any idea where next short area to dump it

Ashraf said a long time ago that GBP was going to be the whipping boy for 2010 (like USD was for 2009), and so far, this is proving correct. Don't forget the mounting political uncertainty leading up to the election, Gordon Brown facing embarrassing revelations in a new book by Andrew Rawnsley (in the Observer, and also written up in the Guardian); not just his temper, but questions about whether he is really up to the job. Add to that Mervyn the Magician who only has to speak to send cable down.
Plus as mentioned before UK banks' involvement in the Greek tragedy, probably to play out further in the future. Against all that, a few data numbers are almost just noise by comparison.
Not that I can see any good numbers coming on the near horizon.