Archived IMT (2008.10.14)

by Ashraf Laidi

Oct 14, 2008 1:05

On the BULLISH SIDE, GBP will have more to ride on in the event of a strong CPI as the combination of already improved risk appetite (sterling positive) and escalated inflation could prove a powerful combination for extending gains towards $1.7530, which is not only the 38% retracement of the September high to last weeks 5-year low, but also the previous support from mid September.

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