Quote:
Originally Posted by pearsonian
Simon i think everything long term is pointing down for the pound with most analysts suggesting 1.8600 is a possibility this year
timing the market isnt easy and the more time progresses the more likelyhood of uk cutting rates.
I think most people realised anything over 2 for the pound was near the peak and A rare combination of carry trade madness and speculation.If you dont change yr money now then maybe wait for blips up but i doubt much over 2.00 will be seen again ,i have 2.0080 on my chart on current trend as possible high but that would depend on everything going in pounds favour.
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Pearsonian, I second your opinion on this, and I'm treating any Cable rallies as opportunities to sell the pair. Same goes for GBPJPY. That said, I think both pairs could be in for a bit of a bounce (as I mentioned in previous posts) in the near term. Let's see if the BOE can shake things up...
