Bears already in the market continue to sweat it out as £ rises to highest level since 3rd January this year (6202 the 1hr, 4hr, daily, weekly uptrend hi and an upside breech of the descending weekly/steepest monthly descending trend line. U.s shut down from midnight Washington time in the balance now, ... Italy trying to stabilise politically this side of the pond and of course October 17th U.s debt ceiling looming too...all at play across various asset classes today ... relatively un-noticed was Portugal's announcement that it is very likely to hit deficit target this year imposed by the ECB / Eu bailout it received...wow! - but drowned out by potentially bad news on horizon re the above. Crazy world we live in, lol !
How strong are these £ bulls ? Uk Manuf ISM tomorrow and if strong - may see another leg up on back of it ?
G/L
How strong are these £ bulls ? Uk Manuf ISM tomorrow and if strong - may see another leg up on back of it ?
G/L
ex member