Disliked{quote} UK PRESS: The FT says UK companies are having mixed thoughts on the strength of sterling and how it may impact on their business. The paper says many, including retailer Burberrys, have issued warnings that the higher exchange rate will impact profits this fiscal year. However, the paper also noted how some, mainly domestic-based operations, see the strength of the pound capping inflation and helping consumer spendingIgnored
EU is lot weaker currency and cheaper on swap.
Regards
GU still in daily pivot zone
In trading, you have to be defensive and aggressive at the same time