Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
View Analytic
This thread was started in response to the Analytic:

GBP Trade Index 18-Year Chart

Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
 
redstone
bristol, UK
Posted Anonymously
12 years ago
Oct 24, 2009 14:49
With that terrible GDP figure I dont think BOE is going to stop QE next month. so further sterling downside I guess.
speculator
Posted Anonymously
12 years ago
Oct 24, 2009 9:35
why would the pound bounce back??? the driver of the pound for now is interest rates and qe which is directly linked to economic activity. do u honestly think traders will start bidding higher at these levels? i see 160 next week. equities seem lower to me next week as fund managers are starting to repatriate back to cash as markets look overbought. do not concentrate on earnings either.
nzvik
Auckland, New Zealand
Posts: 225
12 years ago
Oct 23, 2009 21:13
stocks will bounce back next week and so will GBP - if it can drop 400 pips in a day - it can come back pretty soon too.

speculator
Posted Anonymously
12 years ago
Oct 23, 2009 20:30
ashraf agree
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Oct 23, 2009 16:13
ajt, i put all my GBP clals on the IMT and today on twiiter. against EUR, USD and NZD. thers more downside in here.

raj, the seasonal retracement in FX and equities happnes around Nov-Dec.

Ashraf
rajesh68
Singapore
Posts: 60
12 years ago
Oct 23, 2009 16:01
Hi Ashraf,

Was interacting with an analyst who basically tracks the history of stock indexes. The indexes have risen in last week of Oct and first week of Nov during last 10 years. Sort of pre xmas buying!!

My query is if there is rise in stock indexes, then will GBPUSD pull back and to what level?/

Thanks

Rajesh
ajt1970
Michigan, United States
Posts: 2
12 years ago
Oct 23, 2009 13:26
Bit of a hesitation/pullback in cable. Am holding onto a short. We'll see if it can collapse again...keeping my eye on equities today along with overall dollar sentiment.

Ashraf, thoughts?
Speculator
Posted Anonymously
12 years ago
Oct 23, 2009 12:24
sorry not too sure although i doubt it would go much higher. the downside to sterling is at this stage likely to be higher than downside on yen. so think about it.
redstone
bristol, UK
Posted Anonymously
12 years ago
Oct 23, 2009 12:18
Spec if your right where do you see GBP/JPY at yearend. Despite all the yen selling Ashraf thinks its still a hold. I hope he is right.
speculator
Posted Anonymously
12 years ago
Oct 23, 2009 11:40
the sterling retracement to sub 1.60 is just about to start. As expected data worst that projected by many. Sterling's bear will continue and hit sub $1.50 year end.