DislikedI don't see any way this situation is going to get better. However, I don't know if UJ is going to be moving too much lower. What I have been expecting for several months is the collapse of the pound. My target for GJ is 175, and that is based upon UJ of 100 and GU of 1.75. The latest that will happen is sometime this summer.
I don't see GJ topping the 210-215 area before we hit 175. In fact, I would be surprised if we ever see GJ above 215-220 again.
The global economy is just going to get more and more disfunctional as we move forward.Ignored
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