MNI - 9/9/2008 12:18:14 PM - CABLE - Sterling remains underpinned by.. CABLE: Sterling remains underpinned by reports that the UK government is considering a government program to buy or guarantee UK mortgages. "A meaningful fiscal package could drive a sterling rally vs. the euro through two main channels" say strategists at Credit Suisse. A fiscal package "could make market pricing for 90bps of BoE cuts over the next twelve months look excessive" and secondly "a meaningful fiscal stimulus could further the process of reversion in EURGBP to our Credit Suisse Fair Value estimate of 0.70 if it puts a floor under the UK economy." The strategists remind that a UK fiscal stimulus plan would be in stark contrast to the lack of a fiscal response in the eurozone "and the tightening of monetary conditions the ECB effected on Sept 4 via changes to its repo collateral requirement."
- Post #86,702
- Quote
- Sep 9, 2008 12:31pm Sep 9, 2008 12:31pm
- Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts
USD Est Non Mortuus
- Post #86,703
- Quote
- Sep 9, 2008 12:42pm Sep 9, 2008 12:42pm
- | Membership Revoked | Joined Aug 2008 | 50 Posts
- Post #86,704
- Quote
- Sep 9, 2008 12:42pm Sep 9, 2008 12:42pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- Post #86,705
- Quote
- Sep 9, 2008 12:47pm Sep 9, 2008 12:47pm
- Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts
USD Est Non Mortuus
- Post #86,706
- Quote
- Sep 9, 2008 12:48pm Sep 9, 2008 12:48pm
- | Joined Jul 2008 | Status: Member | 1,010 Posts
- Post #86,707
- Quote
- Sep 9, 2008 12:51pm Sep 9, 2008 12:51pm
- | Membership Revoked | Joined Aug 2008 | 50 Posts
- Post #86,709
- Quote
- Sep 9, 2008 1:00pm Sep 9, 2008 1:00pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- Post #86,710
- Quote
- Sep 9, 2008 1:02pm Sep 9, 2008 1:02pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,886 Posts
- Post #86,712
- Quote
- Sep 9, 2008 1:07pm Sep 9, 2008 1:07pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- Post #86,713
- Quote
- Sep 9, 2008 1:09pm Sep 9, 2008 1:09pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,886 Posts
- Post #86,714
- Quote
- Sep 9, 2008 1:09pm Sep 9, 2008 1:09pm
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid
- Post #86,716
- Quote
- Sep 9, 2008 1:21pm Sep 9, 2008 1:21pm
- | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- Post #86,717
- Quote
- Sep 9, 2008 1:23pm Sep 9, 2008 1:23pm
- Joined Feb 2008 | Status: Member | 5,732 Posts
Patience + Discipline - Greed = Success
- Post #86,718
- Quote
- Sep 9, 2008 1:23pm Sep 9, 2008 1:23pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,886 Posts
- Post #86,719
- Quote
- Sep 9, 2008 1:23pm Sep 9, 2008 1:23pm
- | Joined Dec 2007 | Status: Member | 3,220 Posts
I only trade XAU/USD. Based on USD news & Fib SR & BB20