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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
CORRECTIONS.http://bit.ly/338li $EURGBP $GBPUSD
Ashraf
Stefan Rie from CMC MARKETS Germany argues that the UK-position is much worser than Greece:
Greece represents only 3 % of EMU-GDP but cannot print any longer money after getting member of the EMU and has to go therefore bancrupt.
UK has a debt ratio of 12 percent und the national debt is high similar to Greece, but UK no refinancing problems BOE is financing the whole deficit of 185 Billion Pound buying 200 billion of government bonds
The actual vigor of the pound is a joke for him and parity Euro/POund within 18 months possible
A hung parliament is also on the way
in my mind pound goes straight south in the next few weeks
http://bit.ly/9sKamU
Ashraf
Yes you are right and I think its better to leave GBP at its own for a while, i took 30 pips and will scalp short if any opportunity arises. Thanks.