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

GBP

Discuss GBP
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 23, 2011 21:50
I have also learnt that markets spend a great deal of their time being irrational but can't fight that !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 23, 2011 20:37
hamish, I am bearish the uk economy and I have said previously the only way the BOE might have a small rate hike is if it is felt they have a credibility issue growing. It would not be the right move to make for uk and I have every confidence in Mervyn King's read of the macro picture. I am talking medium to long term as apposed to reacting to every twitch with monthly stats. Markets tend to react to every little twitch but I have lived through 3 previous recessions owning and growing companies before I retired. The first one that seriously impacted my companies was 1973/76.

I trade the gbp pairs from what the charts tell me, not from my fundamental bias and opinions. I learnt that basic trading lesson many years ago :-)
hamish
vancouver, Canada
Posts: 26
13 years ago
Feb 23, 2011 16:37
DaveO....In past posts you have been very bearish on the UK economy yet It appears sentiment is leaning towards a GBP rate hike in March. In the event the rate is increased. How high do you think traders will push the GBP up or will traders say this is a bonehead decision fearing a major setback to the economy & therefore sell?
Some weeks ago Djellal went long & predicted 1.70 by Aug !!
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 23, 2011 16:20
Agree catnip, at last the mkt is understanding Uk situation
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 23, 2011 11:00
I am on the fundamental level....BoE cannot hike. Mathematics of finacial says that clear enough. The market knows that look how cable reacted on that hawkish bla bla.
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Feb 23, 2011 10:10
it was cool to short eurgbp...

Cat, Dale joins Sentence and company in call for rate hike that is important
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 23, 2011 9:36
no change in minutes hawkish as expetced made a few pips with cable long GBPJPY long EURGBP short all closed
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 22, 2011 19:59
gbpusd daily chart channel support containing so far.
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Feb 22, 2011 13:00
BULLET: UK: Rating agency Standard & Poor's said Tuesday.....
22-fvr.-2011
UK: Rating agency Standard & Poor's said Tuesday that rising
inflation may spark "a cautious rise" in interest rates in the UK and
Eurozone this year. S&P published remarks by its chief economist
Jean-Michel Six warning of a "sub-optimal" policy response, with central
banks seeking to restore inflation fighting credibility at a time when
the economic recovery is weak. In a report entitled "Europe's Inflation
Dilemma Is Weighing On The Economic Outlook," the agency highlighted the
problems posed by above target inflation outturns at a time of fragile
recovery. "On the one hand, central banks will be tempted to raise
interest rates, a typical way to fight inflation," S&P's chief economist
Jean-Michel Six said. "But on the other hand, a weak economic outlook
among most members of the European Monetary Union and the U.K., together
with an unresolved debt crisis among some sovereigns, still appears to
call for an accommodative monetary policy, with continued so-called
nonstandard measures and very low interest rates," he added.
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Mentawai
Nice, France
Posts: 25
13 years ago
Feb 21, 2011 14:18
fabriceratti@yahoo.com

;-)
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