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

GBP

Discuss GBP
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 13, 2011 14:48
imo Mervyn is the best BOE man we have had in many years as I have voiced many times in the forum. A rate hike would have only made life worse under recent circumstances. Successive govnmts have failed us badly right back to the maggie dreadie. Govnmts take a problem and make is worse ! Short termism and corruption is a killer.
Gunjack
London, UK
Posts: 1184
13 years ago
Jul 13, 2011 13:38
Dave our spineless govt (past and present) bows at the feet of murdoch (or use to) so what else can we expect from such scumbags. The energy price rise is a complete joke, no doubt swervin mervyn will call it a one off temporary increase in inflation while we all get our pockets picked.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 13, 2011 10:43
Inflationary pressures in UK are still mainly external except the energy companies are about to screw us again with 16% increases for oil and gas etc. They are very good at increasing prices with rising commodities and very bad at lowering prices when commodities fall. A total rip-off one might say but then what do we expect when the last govnmt allowed a sell out to the French !
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jul 13, 2011 10:33
1.5858 done and dusted yesterday.

Today average earnings increase from 1.8% to 2.3% is going to alert Messrs King & Co to the need now for a possible rate increase. I think they will want to see another month's #'s before changing their stance. That would be my advice to them.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 25, 2011 1:06
MS comments make sense imo. My tech targets are at 1.5858 & 1.5670 for near term. 1.5433 would come into play for further downside. Above 1.6262 would violate the count.
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
Jun 23, 2011 10:43
stopped..
Lone Ranger
Vieux Fort, St Lucia
Posts: 94
13 years ago
Jun 23, 2011 5:57
cable broke from 6100-6250 range and touched 200-dma.. that often produces a 50-100pip bounce.... looking to retest 6100 with 2:1 ratio L 6040 SL 6010
Johnyboi
London, UK
Posts: 1
13 years ago
Jun 21, 2011 2:32
My longs from 6078 and 6122 are targeting 6490. Let's see if these MS strategists are being overpaid
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 21, 2011 1:19
Here is the CORRECT target for Morgan Stanley's GBPUSD shorts

From MNI FX Bullets


14:55 06/20
CABLE: (correct's downside target) Morgan Stanley strategists have
entered into a cable short at $1.6230, with a stop at $1.6330 and a
downside target of $1.5450. Given disappointing UK data and lower
prints, "we are concerned that the consensus is too optimistic on the
prospects of a rebound of growth in the UK and point to our economists
below consensus growth forecast of 1.2% for this year." Also, they
remain concerned about the "pro-cyclical nature of the pound" and remind
that "much of the UK government's deficit reduction plan is centered on
externally driven growth (if global economy slows, cable comes under
pressure). In addition, they see safe-haven sterling flows coming to an
end. Finally, larger global risk aversion would likely send the dollar
higher and weigh on cable. Sterling is likely to struggle to hold above
important trendline support in place around $1.6190/$1.6200, the
strategists say.

To include MNI FX Bullets in your Premium Subscription, click here:
http://www.ashraflaidi.com/products/sub01/

Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 6, 2011 6:05
The following negative stories on GBP from MNI FX Bullets:

UK PRESS: Some of Britain's leading economists are warning the
chancellor, George Osborne, that the economy is too fragile to withstand
his drastic spending cuts and that he must draw up a plan B, the
Observer said Sunday Experts, including two former Whitehall advisers
and two signatories of last year's high-profile letter backing the
Tories' cuts, have told the Observer that they have profound concerns
about the direction of Treasury policy. However, Monday's Telegraph sees
50 different economists backing the government in its plan to stick with
cuts. Pay your money ...

00:16 06/06
UK PRESS: House prices could fall into a double dip this year and next,
trapping 1.3m homeowners in negative equity, according to an analysis of
the property market, the Sunday Times says. The stark assessment by
Morgan Stanley, the investment bank, is based on its forecast that house
prices will fall 3% this year and tumble a further 7% by the end of
2012, wiping out the 10% gain made since the market bottomed in 2009 and
rolling back prices to levels last seen in 2004, the paper says.

Ashraf