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

GBP

Discuss GBP
 
ZEE
Canada
Posts: 20
14 years ago
Jul 13, 2010 16:14
i am also short on gbp at 15175 as well on euro at 12693
Seif
Cairo, Egypt
Posts: 53
14 years ago
Jul 13, 2010 16:05
i am short cable at current levels 1.5170 hoping for a return down
Rkg
lon, UK
Posted Anonymously
14 years ago
Jul 13, 2010 15:27
hoping profit taking at close brings it down
Rkg
lon, UK
Posted Anonymously
14 years ago
Jul 13, 2010 15:26
yes pipster 1.5145
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 15:20
UK Out Of Emergency Ward; Raise Rates!

0.5% is an extreme policy setting, BOE hawk Sentance says. The UK economy is coming out of the emergency ward. he says.
After firmer UK inflation data today, it looks as though Sentance is trying to recruit more MPC members to join the hawkish camp.
Cable is firmly back within its old range after bouncing from levels below 1.5000 yesterday. 1.5205 is next resistance for the pound. We trade now at 1.5163.





Not Really Pipster, this is likely to continue over night still room on the upside.
Pipster
Posted Anonymously
14 years ago
Jul 13, 2010 15:17
Guys

Has anyone shorted Gbp/Usd
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 13, 2010 15:12
A bad call on GBP today. I ignored the fact that core CPI ROSE to 3.1% from 2.9%. but the ore important element was that we had an overall rally in UK banks and European equities which drove down USD across the board.

Ashraf
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 10:20
OBR forecasts include possibility of double-dip, also stronger recovery
OBRs Dicks meanwhile says chances of double-dip recession have increased after budget.



LONDON (MNI) Senior Fitch Ratings Analyst Brian Coulton believes
that UK debt will stabilise in the wake of what he called the strong
emergency budget announced by the new government here.
Speaking to Bloomberg, Coulton said that Fitch took the view of the
Office for Budget Responsibility that the UK economic recovery would not
be very strong.
The comments followed Mondays affirmation by S&P of the UKs AAA
rating, although they also signaled that the UK is not yet completely
out of the woods as regards a possible downgrade in the future.
Coulton also touched on the issue of the EU bank stress tests and
said that the tests needed to be realistic and transparent but added
that the EU seemed to have learned the lessons of the US stress tests.
The latter, he said, had always set out a clear strategy for what
to do about those banks which emerged with any kind of problem from the
tests. Coulton noted that the German finance minister had already stated
that this would be the method pursued by the EU.
On the subject of Portugal downgraded by Moodys to A1 this
morning Coulton said that the country had made some progress in
fiscal terms but said that growth remained the key risk for the
Portuguese outlook.
London Bureau; tel: +442078627492; email: dthomas@marketnews.com
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 10:18
UK OBR HEAD BUDD - NO PRESSURE ON US TO CHANGE BUDGET NUMBERS OR BRING FORWARD PUBLICATION

Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 9:20
Expecting volatility during the London session as UK CPI data will be released followed by German ZEW Economic Sentiment. These two pieces of data should give us some direction. Analysis hasnt changed since yesterday, and we are looking to trade momentum and the initial market direction following the news. We are going to be trading the CAD and USD Trade Balance figures due to be released later today. A lot of data is due to be released and we have to stay on high alert as any change in direction will be crucial to protecting profits or keeping stops tight.