Dislikedhey jack
I was reading the geithner speach and i had an idea pop into my head...could it be possible that this strong rise in the gbp is the banks selling there shorts to raise that 75 billion after the stress test?Ignored
Maybe they are marking up the prices against the USD on the majors, to then heavily buy back the USD? Who knows.
I made the comment in regard to the stock indices since the correlation is there and the DOW looks to be double topping.
I don't know what the pound will do but just keep an eye. We could be in for a large shift in sentiment which will take stocks and currencies back down over the summer possibly.