GBP

OK thanks, I missed just about all your commentary today with too many balls in the air. I am now starting on tweets 20hrs back :) Please slow down :-)

I see the stoch flattening on daily and the divergence on weekly and the potential H&S. Same on my charts.

It has been an eye opener to me the way currencies are paranoid about rates since joining your service about the same time as focusing more on currencies early 2010. I have a problem with the uk fundamentals in this respect as I often think the mkt is not really listening (interpreting) closely. My problem does not effect my trading however as price action always rules. I have found you to be a very great help in my quest to relate price action to fundamentals.

You were unlucky with the move hitting your stop Ashraf because your thinking for a move down was right.

He emphasised two or three times that after a financial crisis of such magnitude the BOE expect growth to be extremely slow for a protracted period of time. ie. this is not like yer normal recession. Of course rates cannot remain so low indefinitely but his timeframe for that is years rather than months.

Yes, but he is generally right in his remarks.

And King answering Stephanie Flanders Q about eur position downside risks to uk, refused to comment and "risk making the job of his european colleagues even more difficult". Those very words tell us that King regards eu as major problem.