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

GBP

Discuss GBP
 
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Dodger
London, UK
Posts: 139
13 years ago
Feb 1, 2011 11:40
Gunjack ,what I have been saying all week ,its nothing to do with uk ecconomy its inflation of commodities internationally.Uk has to import not only for its self but also for "manufacturers" to re export,the metals etc, that it has to import.
Gunjack
London, UK
Posts: 1184
13 years ago
Feb 1, 2011 11:22
@Dodger - UK econ is a shambles, U/E at highest levels for god knows how long and our tiny export industry only just recovering. The strong pound will only hurt our exporters make us uncomp on global mkts and worsen the balance of trade. expect sterling to re-trace when mkts realise mervyn is not going to raise rates anytime soon
Dodger
London, UK
Posts: 139
13 years ago
Feb 1, 2011 11:19
PS. Would also buy if 1.580 to 1.6 shows up as strong support.
Dodger
London, UK
Posts: 139
13 years ago
Feb 1, 2011 11:09
Cable (GBP/US) jumped over 1.6100 on release of manufacturing PMI showing growing inflation and increasing probability of an early rate rise,middle east situation adding to crude prices.Politically and socially uk may not be ready for a rate rise but increasing international inflation is forcing their hand.If cable can stay above 1.6 res/now support could go to 1.63 ???However already taken profit before weekend on two thirds of positions taken last tuesday ,stops moved up to 1.5900 on remaining long term positions.
Gunjack
London, UK
Posts: 1184
13 years ago
Feb 1, 2011 11:03
At least my hols to USA will be cheaper now...bcos their inflation is only at 0.7%...what a load of balls!!
fxkid
As, Syria
Posted Anonymously
13 years ago
Feb 1, 2011 9:35
H&S in GBPUSD ? Flood and Dowish by RBA in AUDUSD ??
fxkid
As, Syria
Posted Anonymously
13 years ago
Feb 1, 2011 7:37
Dear Ashraf,
The reason i send such words is because of your tweets and IMT's sorry for that. See what exactly happened to GBPUSD now and AUDUSD , we are just blindly following sir so if it goes wrong one or 2 times we can understand ,but you just check for the last 2 months .. any of your analysis were right or not . starting from EURUSD monthly revisal you were saying , second one audusd short with a target of .9740 ( by saying chinese rate hike ) after your reccomendation to short AUDUSD they revised RR and intrest rates on 25th dec but no reaction ( offcourse during that time thin volume) , on friday you said GBP will fall its a matter of time see now yes its a matter of time we bounced back around 300 pips :) anyway sorry for the earlier message ..
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 28, 2011 11:06
Those were ugly UK consumer confidence numbers. GfK confidence at -29, biggest fall since 1982 and lowst number in 22 months. GBPUSD failed $1.6060s (not even 1.60) and gradually makes ist way to 1.5880, still seeing 1.5640 & 1.5550


Ashraf
QMV_Trader
KL, Malaysia
Posted Anonymously
13 years ago
Jan 28, 2011 9:30
Targetting GU short at 1.5720.........GJ at 128.00 and GC at 1.4500........hope all this achievable, what u reckon Ashraf..........any others share the same views???
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 28, 2011 8:47
As far as GBP goes i agree that it is going down as gbp is showing a lot of weakness. However i am still waiting for a pop up above 1.60 to go short or watch the weekly close today coz if it closes below 1.58 i think we will get a few pips shorting GBP.
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