GBP

cable is paving the way for 1.45 and what will push it there is falterning UK economic data and eurozone problems. Add the fact that fed will tighten before anyone else. A hung parliment should put further downwards pressure on sterling as i doubt market players all expect a hung scenario to be highly probable. the point is uncertainty remains until the election which attracts lowers bids.

A double dip in uk is extremely likely towards end of year.

Pipster,

A hung parliament should be bearish for the economy as Labor would retain control of the premiership, along w/ their current (ineffective) policies!

Didin't you notice ~ two months ago when the GBP collapsed below 1.55 in a single day...because the news of a possible hung parliament had come out for the first time?

Since the market has now already priced the hung parliament in the GBP, I don't know if it would go down any further merely because of a hung result...


Asad

Said,
I remain short on cable, but I 'll attentive, your analysis is intersting!

Guys,

Does anyone know what would happen to the Gbp if there was a hung election. Is that Bullish or bearish

Thanks

Sallam Shane, I think u are right on technicall basis but on the fundmental basis i am going to short in cabel. But like i said on technicall u are right.
Thanks