Posts by "speculator"

king has already hinted quite negatively about sterlings prospects this week so i doubt we will go below 1.53 today. i would remain sidelined until speech is almost finished.

sterling will very closely track any euro weakness against dollar.

shorting the pound at this stage is highly likely to be profitable as i have a short term target of 1.52 by march 1 and fiscal/monetray worries of uk/euro will produce this outcome with further losses in march and much of april.
the fact that sterling has not made any sustained new lows since about one week ago could lead to further selling going forward. But this 1.5390 level is stubborn and needs to be broken nicely for another huge leg down.

1.34 this week!!!

all the banks were anticipating a dollar rally way back end of last year as they expected policy reversals prior to other central banks.