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Posts by "speculator"
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782 Posts by Anonymous "speculator":
How comes you were so bearish on the Pound when you issued the pole so recently.
Cable seems to be maintaining strength.
i think the news sent mild shockwaves around the world as it goes against the bullish news recently cascaded that has supported this bull market.
cable did fall today probably due to BoE and equity liquidation.
today was pretty vital in setting the short term market trends.
the rally has certainly paused and correction is on its way down.
the markets have priced equities at optimistic levels with PEs historically high for such earnings.
pound should weaken into summer although i think 1.44 is my min target over the next 30 days. however, we cannot forecast as only news and therefore flows will move cable.
key things to look out for is:
rate of increase in unemployment
uk bank related issues
mortgage lending
mainly stock market performance as financial markets in uk represent the bulk of demand for the pound i believe