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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#9095 (permalink)

07-02-2009, 10:10 AM

tokyo_london tokyo_london is offline

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Join Date: May 2009

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so the pound is getting a good old hiding today - after the dismal gdp figures it's not suprising - but will this last? might get down to the 250 level again but i think the recovery theme still has sufficient life in it - the markets have short-term memory for these sorts of numbers these days + we have the earnings season round the corner - lots of good news there will signal deep problems for the dollar and sharp rebound for the pound.

or i could be completely wrong!

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