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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
pollux
France
Posts: 23
15 years ago
Dec 7, 2009 19:24
Ashraf, please what is urview on cable here now at 1.6460?Thanks
asad
London, UK
Posted Anonymously
15 years ago
Dec 7, 2009 18:21
Redstone,

REALLY?! :) Because I keep reading how they're anti-EU...and hoe paying X billion/annum towards EU is a waste...and how G. Brown has wicked designs to (eventually) replace the GBP w/ the EUR!

However, ONLY today was a reading on FT how they're willing to make pro-EU 'provisions' for the sake of the City. But really, do they do this only to win elections?


Asad
redstone
bristol, UK
Posted Anonymously
15 years ago
Dec 7, 2009 17:39
Hi Asad. The Tories are pro EU not anti its all just a charade. unrest will rise dramatically in the next 2 years in many EU states as they realise what a complete con its all been, hence dollar surge starting I believe in end 2011 or thereabouts.
asad
London, UK
Posted Anonymously
15 years ago
Dec 7, 2009 15:32
Spec,

Say, the Torries win...perhaps their anti-EU stance could weaken GBP? And their militant approach towards the FSA and the City? On the flip side...they would consider slashing the 50% tax thing.

But you'd no better - just my reasons for a weaker GBP...


Asad
speculator
Posted Anonymously
15 years ago
Dec 7, 2009 12:55
ashraf, why do you think a close UK election could break sterling? In the meatime, im sure investors are searching for the next carry currency (yen/GBP) which im sure will put huge pressure on sterling in the coming months.
speculator
Posted Anonymously
15 years ago
Dec 7, 2009 9:02
i think regardless of who wins the election the pound will continue to suffer especially against dollar. Nobody believes in politicians and neither do investors. What will drive sterling is interest rate differentials (plus QE) and risk aversion.

For now, the uk faces a 50% income tax rate for certain high earners!! what a joke. The fiscal position remains awful and is a structural flaw which no politician can ease over-night. The country is still very prone to speculative attacks over sterling. Too much sterling liquidity in the markets...
Carlco
bristol, UK
Posts: 151
15 years ago
Dec 7, 2009 8:48
speculator, i have it on my charts that the end of cable is coming in 2012
redstone
bristol, UK
Posted Anonymously
15 years ago
Dec 7, 2009 6:38
Spec u could be right . British electorate fed up with brown and feel betrayed by cameron over lisbon treaty and lib dems offering tax breaks to we poor people and huge numbers flocking to ukip and bnp. Ashrafs theory looks bang on, a hung parliament and huge downside in cable.
Jack Dee
, United States
Posted Anonymously
15 years ago
Dec 6, 2009 23:22
Dear Group,

This week be on lookout for a nice short in GBPUSD. The collapse of the key support 1.625 could easily target 1.596 then eye 1.581.

-Jack Dee
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Dec 5, 2009 2:13
spec, 6 months is when British elections are up. could a very close election bring about a collapse in GBP? think ahead.

Ashraf