Intraday Market Thoughts

Archived IMT (2009.01.20)

by Ashraf Laidi
Jan 20, 2009 12:59

My interview earlier today calling for $1.37 in GBPUSD prior to the release of the UK CPI

Sterling has lost 2.5 cents, reaching fresh 8-year lows of $1.3885 since the interview despite the higher than expected CPI. $1.37 seen the low from June 2001. Today's theme remains European-centric, with USD gaining as default currency and not due to USD strength.


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