One of my Auto Expert Advisors, which has been fairly profitable, has a GBP Long open. I do manually intervene occaisonally. My thoughts are if the ECB lowers rates GBP will ride EUR's coat tails down. If the rate reamains the same we may get a spike up, again riding the coat tails of EUR. Overall, I would agree with those who are shorting rallies. However, rally shorting could be interrupted by USD easing talk. It's a tough game...not for the weak at heart....
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