Intraday Market Thoughts
Archived IMT (2009.01.20)
by
Jan 20, 2009 12:59
My interview earlier today calling for $1.37 in GBPUSD prior to the release of the UK CPI
http://www.cnbc.com/id/15840232?video=1005982377&play=1
Sterling has lost 2.5 cents, reaching fresh 8-year lows of $1.3885 since the interview despite the higher than expected CPI. $1.37 seen the low from June 2001. Today's theme remains European-centric, with USD gaining as default currency and not due to USD strength.
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