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

GBP

Discuss GBP
 
speculator
Posted Anonymously
15 years ago
Feb 25, 2010 7:21
1.52 by march is by no means ambitious!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 25, 2010 2:56
READ LATEST IMT ON GBPUSD http://www.ashraflaidi.com/forex-news


aSHRAF
speculator
Posted Anonymously
15 years ago
Feb 24, 2010 19:11
sterling will very closely track any euro weakness against dollar.
montmorency
UK
Posted Anonymously
15 years ago
Feb 24, 2010 19:08
Been browsing around Zerohedge again. In this article:
http://www.zerohedge.com/article/some-afternoon-amusement-courtesy-rbs

I noticed this little snippet:

"Lest we forget, a recent back of the envelope analysis indicates that the UK (which incidentally is a 70.33% holder of RBS) has quarter of a trillion pounds exposure to the PIIGS, of which no matter how you spin it, Greece will be the first domino.".

So the unfolding crisis in Euroland, even though it has taken a back seat in the last few days, poses further risk not just to the Euro, but probably to Sterling as well (to add to Sterling's other problems).
So that represents probably more weight to your argument @Spec.

speculator
Posted Anonymously
15 years ago
Feb 24, 2010 18:40
other...sterling is not a buying opportunity yet so why would support be more than choppy? currencies can go up down just as fast as they go up. the liquidity withdrawal from us will also help weaken cable
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 24, 2010 17:38
@Spec: 1.52 by March 1 is pretty ambitious. Still perhaps no more so than Ashraf's target of 1.32 for Euro, which looked ambitious not so long ago, as did 1.34, and we've been almost within easy jumping distance of 1.34 already, so ...

Is that 1.52 on technical grounds? Trendlines? Other?
Thank you.

speculator
Posted Anonymously
15 years ago
Feb 24, 2010 17:25
shorting the pound at this stage is highly likely to be profitable as i have a short term target of 1.52 by march 1 and fiscal/monetray worries of uk/euro will produce this outcome with further losses in march and much of april.
the fact that sterling has not made any sustained new lows since about one week ago could lead to further selling going forward. But this 1.5390 level is stubborn and needs to be broken nicely for another huge leg down.
A_V_G
Singapore, Singapore
Posts: 38
15 years ago
Feb 24, 2010 12:17
Hi Ashraf,
How are you.... By looking at the market, it seems Risk Aversion is back.... Do u think it is a good time to go short GBP/USD at 1.5440 with a take profit of 1.5380..... Or we shld wait for it to reach 1.55 and then go short on this pair.... Want to check with u....

Thks,
AVG
redstone
bristol, UK
Posted Anonymously
15 years ago
Feb 24, 2010 10:35
Agree spec. 150 not far away now.
speculator
Posted Anonymously
15 years ago
Feb 23, 2010 23:02
looks like we're heading to break major support at around 1.5390ish over the next 24 hours