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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
as i said yesterday 1.5636 sould be a good res.
1.5580 broken out .. if the Fed implements QE what wiil be the target of cable .. still maintaining the target as 1.5150 by sep end ? your expert view on this please
as BOJ apparently buys UST I think Sept 21 FOMC qe is off the table
you said yesterday on twitter 1.5580 look attractive for another push lower towards 1.53
dont you think that the FEDS QE would send the pound higher? and wont hit the 1.53 level?
shud come-down today/tomorrow to Monday levels
Btw qe does not necessarily mean "printing money" but what the ECB does is effectively printing money.
So I am alert for a big surprise