Quote:
Originally Posted by bradrich
Yup, thats true
US seems to be left because of CHINESE YUAN.
I have a question
friday, all is strengthening vs US, only GBP is totally different.
Any idea why ?
JPY down to 98
EURO up to 588
but GBP down to 200 from 400....
if JPY and EURO could be that strong, the GBP at least went to 450 or 500 but...in fact it drop to 200.
Any info / data ?
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If you played Cable when it reached these levels before you would have noticed that it fell back dramatically to about the 1.96 area before attempting 2.10.
Beware it may do it again.
Fundamentally the UK also has a budget deficit that is not narrowing- so in the the same boat as the USA.
Europe is different for the moment and the budget surplus continues to be strong even France is beginning to narrow- but for how long no one knows.
Treat all major pairs individually as the correlation between Cable and Euro ended last year.