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

GBP

Discuss GBP
 
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Jardi
California, United States
Posts: 1
13 years ago
Oct 22, 2011 14:03
Dear Ashraf,

I posted my question on your Premium Twitter (a member) page, but got no reply, so I will repost here.

Could you please briefly explain (or at least comment on) the price action of the GBP/USD pair.

I would think that the GBP would naturally fall in a UK higher-than-expected inflationary environment (as well as with new QE actions) where there is no hope of an increase in interest rates due to a sagging economy, especially against the USD simultaneously in a "risk-off" environment; yet the pair rose, and quite aggressively. Is there something I don't see/know here? Any explanation would be appreciated from you views.

Thanks!

Jardi
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 21, 2011 10:36
3 points of interest..
Qingyu
manchester, UK
Posts: 1763
13 years ago
Oct 20, 2011 10:48
dave, imho that is what they want. they make money from either up and down.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Oct 20, 2011 9:49
BOE's Miles says UK is emerging from a very deep recession.

I find this statement laughable. I think the "recession" is hardly begun, nothing like the severity of the 89/95 recession yet. And what evidence is there for emerging out of recession, I mean really, this statement is irresponsible and misleading.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Oct 5, 2011 9:06
Jacek,

EURGBP and EURUSD do not always move in tandem. We have had a very good track record in EURGBP. But you are correct about this last case. I tend to find GBPUSD highly volatile, more so than EURUSD. and EURGBP the least volatile of all three.


Ashraf
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 5, 2011 5:44
might consolidate now.. a range trade?..
jacek
Australia
Posted Anonymously
13 years ago
Oct 4, 2011 13:06
this looks like short to me.. but could test .86 first if stays above .8550..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 4, 2011 12:26
beats me why Ashraf going long eur/gbp and short eur/usd and not just short gbp/usd?..

simply short gbp/usd 1.5410 with stop 1.5440 for 1.5300-50..

i think this premium trial is over for me:-(
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 27, 2011 0:32
it did.. but staging a come back.. let's see if it breaks thiss downtrend.. otherwise might continue to 1.52..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 21, 2011 19:41
Looks like will break down further
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