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

GBP

Discuss GBP
 
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ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 5, 2010 20:35
@redstone: it's a regular FED meeting and IF they rise discount rate it will be most likely after today's close and it will be accompanied by apparent price moves ;)

@Desi: the 1.53 has been pierced briefly today but we stay sub 1.53 so far. Personally I'm short, mainly because the positive US data but there is now the possibility of Conservative Party win which should be GBP positive if I understand it correctly.
Desi
UK
Posts: 69
14 years ago
Apr 5, 2010 20:10
Ashraf did say that we wont see a break of 1.53 ish for 3 weeks

Anyone agree ?
juno1
UK
Posts: 52
14 years ago
Apr 5, 2010 19:59
Looking as though any announcement will be after the U.S markets close.
speculator
Posted Anonymously
14 years ago
Apr 5, 2010 19:09
thats what im wondering its now 7pm and no news and i thought 2.30 it would be released. seems like they only met at 2.30 and it would last at least 5 hours? oh well im sure US then asia will move the market somewhat.
redstone
bristol, UK
Posted Anonymously
14 years ago
Apr 5, 2010 18:43
thanx zek. when does the news on the fomc come out please ?
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 5, 2010 18:35
@redstone: it's hard to say until the big players enter the market on Tuesday. It could still test the recent high at 1.5350-80. If the FED rise the discount rate today it could as well drop because the hike would be perceived (again) as a step towards tighter monetary policy aka FED funds rate hike.
said
France
Posted Anonymously
14 years ago
Apr 5, 2010 18:27
1.5150
redstone
bristol, UK
Posted Anonymously
14 years ago
Apr 5, 2010 17:09
gbp/usd broke through 153 tday. where now
ptaczek
Czech Republic
Posted Anonymously
14 years ago
Apr 4, 2010 22:20
Ashraf,

according to this Bloomberg articlehttp://bit.ly/bCvkR6 the Conservative Party may win 20-seat parliamentary majority (latest polls). GBPUSD opened today with over 70pips gap. What is your view of further direction of this pair? EURUSD keeps friday's levels, so the GBP gap could be related to more optimistic speculations over election result and the rosy future of UK's economy.

tnx,
pta
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Apr 4, 2010 16:58
Indeed I think, it could be a good short term support, mine is at 1.5950 of this 1 month' big range
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