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

GBP

Discuss GBP
 
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Callum
Singapore
Posted Anonymously
14 years ago
Feb 26, 2010 10:53
@AVG, I won't call it totally strange. You may have noticed that the pair moved up a bit ahead of the news, and the data wasn't exactly a blow out to give a significant pop . As for my own trades, I was able to close out my longs I had placed much earlier (SG morning) with a few pips. There are some tier 1 US data ahead, so, I am sitting on the sidelines as the GBPUSD pair flirts around the mid 1.52 region.
TG
Singapore
Posts: 112
14 years ago
Feb 26, 2010 10:35
Hi AVG ,

my understanding is that there is revision for the previous 3rd Q Data and the overrall yoy fig as slightly lower then expected and that is what has caused the curry. to drop.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 26, 2010 10:14
@avg-the comment is to sell your long on ANY pop higher
AVG
Posted Anonymously
14 years ago
Feb 26, 2010 10:11
Very strange.... Even though the GDP came good, dnt knw why GBP/USD is weaking.... Any comments friends..... Pls share.....
redstone
bristol, UK
Posted Anonymously
14 years ago
Feb 26, 2010 10:04
Hi spec. How low could cable go by november do you think. Many thanx.
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 26, 2010 9:49
Looks like, yes. Got stopped out and reentered at 1.6416 (GBP/CHF)
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 26, 2010 9:46
UK GDP data came in better than expected, yet initial reaction was downward. Sounds like it wants to get prepared for a spring up??
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 26, 2010 9:03
Went long GBP/CHF at 1.6460. We're coming close to possible intervention levels (SNB). Just a countertrend trade with a tight stop at 1.6420.
speculator
Posted Anonymously
14 years ago
Feb 26, 2010 8:40
in my opinion cable will be the worst performer this year because of uk monetary abuse which will be worst than anyone else's along with their fiscal issues. speculators will bring the currency down to its knees again.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 26, 2010 0:23
Poor Cable-you'd think some of this bad news was factored in already, like 600 pips ago. Or 1200 pips a go five weeks ago, when GOLDman pimped cable at 1.6450.
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