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  • GBP/USD and a Look at $1.21 in the Hands of the Autumn Statement

    From fxempire.com

    It is a big day for the GBP/USD. The UK Chancellor of the Exchequer, Jeremy Hunt, will deliver the heavily anticipated Autumn Statement. There has been plenty of hype surrounding the Autumn Statement. It will also be the first litmus test. Former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng left UK politics in tatters after the release of the mini-budget. Jeremy Hunt will look to plug the hole by delivering a combination of tax hikes and spending cuts. The UK Chancellor warned of ‘difficult announcements,’ with the UK electorate likely to feel the impact of today’s measures. For the UK Government, ... (full story)

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Markets may well praise Rishi's smarts with a few pps hike for GBP after the statement delivery.
Who writes such non-sense? And why do they even have a platform here?
Everyone can see the chart, but only a few can actually read it.
From$1toMillion All Time Return: 24,579.0%
The name says it all.
GBPUSD set to return to the 1.10 area into year-end – ING

https://www.fxstreet.com/news/gbpusd...g-202211171207
Quoting OnlineAddict
Who writes such non-sense? And why do they even have a platform here?
Have to say I do agree. Im bearish cable to end of year.. but its all down to the $$ end of the day.No?
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} Have to say I do agree. Im bearish cable to end of year.. but its all down to the $$ end of the day.No?
Yes, it is, but USD was heavily bottoming on a daily basis...and this guy is telling people to sell for 200 more pips for today? Like wtf?
Everyone can see the chart, but only a few can actually read it.
From$1toMillion All Time Return: 24,579.0%
The MOST important thing @OlA.. is to remember that this has NOTHING to do with BREXIT.
and government choice of hard Brexit and a TCA that lost Single Market Access.
Just remember not to mention. Its all Covid .. all Ukraine. same problems as rest of World.
You MUST not mention BoE and OBR long standing warnings of Brexit's serious chokes on GDP growth.(-4%)
Happily as the chart below shows its not having much effect on the UK economy.

Attached Image (click to enlarge)
Click to Enlarge Name: GDP-Projections Europe.jpg Size: 43 KB
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} Have to say I do agree. Im bearish cable to end of year.. but its all down to the $$ end of the day.No?
Are you willing to call the monthly false?
gbp/usd
#doyourownanalysisordietryin
Quoting RossEdwards
The MOST important thing @OlA.. is to remember that this has NOTHING to do with BREXIT. and government choice of hard Brexit and a TCA that lost Single Market Access. Just remember not to mention. Its all Covid .. all Ukraine. same problems as rest of World. You MUST not mention BoE and OBR long standing warnings of Brexit's serious chokes on GDP growth.(-4%) Happily as the chart below shows its not having much effect on the UK economy. {image}
How these people are getting any airtime today is beyond me.
Never right. Put Bailey in that box.
What their good at is making excuses.
#doyourownanalysisordietryin
Here is a GDP forecast which suits my agenda.
https://twitter.com/theworldindex/status/1593282414708609024?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Europe and the UK will both do badly over the next 30+ years.
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