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

GBP

Discuss GBP
 
macrosam
United States
Posts: 190
15 years ago
Apr 7, 2010 14:26
Hung parliament possibility will keep a lid on GBP long enough for credit-rating downgrade concerns to resurface taking GBP down to 1.45 or below. Expect it to stay fairly range-bound between mid 1.53s and double bottom until then.
speculator
Posted Anonymously
15 years ago
Apr 7, 2010 13:15
cable is paving the way for 1.45 and what will push it there is falterning UK economic data and eurozone problems. Add the fact that fed will tighten before anyone else. A hung parliment should put further downwards pressure on sterling as i doubt market players all expect a hung scenario to be highly probable. the point is uncertainty remains until the election which attracts lowers bids.

A double dip in uk is extremely likely towards end of year.
kidwai
karachi, Pakistan
Posts: 77
15 years ago
Apr 7, 2010 12:55
Hi Ashraf Brother, I am so happy today because i read your last IMT before UK PMI and i did as u told us.LOve u take care.
Best Regards
KIDWAI
asad
London, UK
Posted Anonymously
15 years ago
Apr 7, 2010 12:38
Pipster,

A hung parliament should be bearish for the economy as Labor would retain control of the premiership, along w/ their current (ineffective) policies!

Didin't you notice ~ two months ago when the GBP collapsed below 1.55 in a single day...because the news of a possible hung parliament had come out for the first time?

Since the market has now already priced the hung parliament in the GBP, I don't know if it would go down any further merely because of a hung result...


Asad
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Apr 7, 2010 12:09
GBPUSD drops below $1.5180 target from this moring's IMT when it was above $1.5230

This was on Twitter and IMT

Another clear failure of 1.53 now leads to 1.5080

Ashraf
djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
Apr 7, 2010 11:38
Said,
I remain short on cable, but I 'll attentive, your analysis is intersting!
said
France
Posted Anonymously
15 years ago
Apr 7, 2010 10:54
CATNIP
i am 50 70 pips wrong on forecasting buying the dip at 1.5250 but i think the uptrend in cabl is still there

what u think
Pipster
UK
Posted Anonymously
15 years ago
Apr 7, 2010 9:23
Guys,

Does anyone know what would happen to the Gbp if there was a hung election. Is that Bullish or bearish

Thanks
Desi
UK
Posts: 69
15 years ago
Apr 7, 2010 9:04
For GBP you need take into to consideration the Extended Easter Break (Friday & Monday) and more importantly the Election anticipation and announcement yesterday
kidwai
karachi, Pakistan
Posts: 77
15 years ago
Apr 7, 2010 8:56
Sallam Shane, I think u are right on technicall basis but on the fundmental basis i am going to short in cabel. But like i said on technicall u are right.
Thanks