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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3053
Forum Topic:

GBP

Discuss GBP
 
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 18, 2011 23:33
any further downside for gbpusd targets 6040/5914
Ashraf Laidi
London, UK
Posts: 0
11 years ago
May 18, 2011 13:23
This from MNI FX Bullets about sterling having fallen earlier on rumours of Weale. Anyway, cable is now stabilizing near the 100 dma


"Bunds opened lower, tracking weaker USTs overnight, but then pared losses with squeeze higher in UK
Gilts on unsubstantiated market talk that BoE MPC weale may have switched his 25bps rate hike vote to unchanged rates ahead of the publication of minutes for the May MPC meeting. However, the rumour
proved to be false with MPC voting pattern unchanged from April meeting. "


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 18, 2011 9:30
3-0-6
Ashraf Laidi
London, UK
Posts: 0
11 years ago
May 17, 2011 13:09
Here are those DOVISH comments from BoE's Broadbent:

Cable 70 pips off its highs.. (stops still NOT hit from yesterdays premium piece)

From MNIFX Bullets

05:13 05/17
BOE BROADBENT: FX is important part of transmission of policy
-- Rates could not have done much vs credit bubble
-- Broadly speaking uk is on right fioscal course
-- Fiscal retrenchment does have an impact on econ
-- Fiscal policy may be reason why growth slow
-- If policy needs easing it will be via QE
-- If econ got genuinely slower would be QE case
-- Not my central scenario for growth to slow more
-- On central BOE projection no case for QE
-- Monpol can't tackle productivity problems
-- UK has had weak income growth even pre-crisis


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 17, 2011 10:36
Broadbent comments align exactly with King stance. ie. inflationary pressures entirely external and will abate.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 17, 2011 10:32
or below by next year
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 17, 2011 10:31
Sticking to his same stance. CPI should drop to 2%
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 17, 2011 10:30
Now for kINGS LETTER
Ashraf Laidi
UK
Posted Anonymously
11 years ago
May 17, 2011 7:17
Those who like levels, stops & strategies, there are few in GBPUSD and EURUSD in the latest Premium Piece...alongside something new on shortsterling contracts

http://www.ashraflaidi.com/products/sub01/access/?a=425


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
May 16, 2011 21:18
GU CPI tomorrow at 9.30 BST.