GBP Trade Index 18-Year Chart

LOL chloe-1.6200? It hit that 30 hours ago on the way up.

If, and this if a big if, eur/gbp has been sold off (200 pips since monday is HUGE) based on this Merkle resignation rumor, then eur/gbp is an interesting long here, and either way, gbp/usd will reverse when this run exhausts itself.

1.6260 is first stop. Accelerates down after that.

Just look at FV. If any pair "deserves to rise against usd, it is aussie. And Aussie is down 50 pips from its big news just 24 hours agao. And the pounder is up 200 plus pips in 48 hours based on what? It's recent cure of cancer and solving of the economic crisis?

BTW, hoping usd/cad can absorb the offers and congestion and plow it's way through the 1.03 figure and perhaps accelerate on the bid.

Another one ro look at, for "real" usd strength, is usd/chf. Since chf is generally regarded as a "solid" currency within the real world, and not latent with so many of those issues facing the U.S. and eurozone, appreciation of usd vs chf is evidence of real usd buying, and a precursor to that dollar index rally Ashraf is depicting.

Time to short the eligimate cousin of euro-trash known as gbp/usd, cable, The Pounder, the currency pair which since Monday sparked a 200-pip destruction of the eur/gbp pair to pimp itself at 1.6350.

It appears the mafiosa whom The Pounder hired to pimp it's pair higher and higher when every other pair vs usd is declining is running out of steam to drive eur/gbp lower.

Short gbp/usd at 1.6350. t will get decimated in either the european session or U.S. session

hey pippedoff,im wondering if that is whatis happening,for the last 6 mths everytime we get pos+ data risk appitite increased an usd sold off,but since that day we missed that jobs # -11k vs -179k an the unemploy rate droped to 10% it seamed things were changing ie: good data was seen as usd pos+ an usd was rallying up goin into the end of the yr...put that with expected shift of atten onto the eruozone with poor data that was a scenerio the us gov couldn;t have to support there soo call recovery..so what happens goin into 2010 us gov puts the breaks on with pos+ data reverts back to the neg- data which should be neg for risk appitite but instead risk appitite plays strong but usd gets pounded when it should be rallying up if were working off the way it was 6mths ago...bottom line us gov will do anything to keep the $$ cheap...what happened to the neg- data outta uk ..dubai story???ok gl

I wonder whose leaning on eur/gbo to run cable 15 pips higher after stock market closed-while knocking euro below 1.4500. Someone is desperate to have cable close over that 1.6330/40ashraf has been mentioning.

cable up 15 pipis, euro down 3.

The manipulators are back in force.

Chloe-cad has exploded 10 pips from it's multi-month low.

Mighty bullish, eh?