Euro Zone is Reason to Buy, Not Sell, Sterling | Forex Factory

  • Euro Zone is Reason to Buy, Not Sell, Sterling

    From wsj.com

    The euro zone may still be casting a nasty dark shadow over sterling, but there is still little reason to really sell the U.K. currency just now. On the contrary, the recent decline in sterling, triggered by concern that the Bank of England is more dovish than originally thought, could well prove a good buying opportunity. The fortunes of the pound, which had been doing so well for much of this year, have been thrown up in the air over the last week or two as investors reacted guardedly to news that the Bank of England had resorted to more quantitative easing at its policy meeting earlier this month. Confidence in ... (full story)

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thrishelle
Feb 24, 2012 8:46am
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since monday i read news and short but when i OP the chart is UP.
manipulation?
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FIn_fx
Feb 24, 2012 9:21am
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Technical plays a big roll today...
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Greener
Feb 24, 2012 7:49am
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Are you saying buy sterling!
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Greener
Feb 24, 2012 9:29am
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Eric you should buy sterling and euro rather than explaining the article to dumb people like me
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EricKamezou
Feb 24, 2012 8:45am
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GBP/USD usually follows EUR/USD... thats the point the article is trying to put across
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osdidos
Feb 24, 2012 7:35am
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because of euro stupid and shit........ i MC today......... forex...you so dangerous.... up when i sell...down when i buy....
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wawasalsa
Feb 24, 2012 9:34am
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seems it will break again ...but not too far as i hope
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Trader#2F82
Feb 24, 2012 7:49am
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hahaha the article guy is funny Boe QE is reason to buy sterling while"""""rumors""""" of Fed QE3 is a reason to sell dollar wat is this but market stupidity
greece Parliament had been postponing votes from more than a month time and euro keep spiking Congratulation Manipulated Market
waiting for a soon non end euro fall to valley to laugh out loud at fooooool buyers
euro will break no question no doubt Ecb can keep printing money helping euro countries but till when????????????!!!!!!!!!!! everything have an end and euro story end is sooner than later too much bubbles and time of explode is nearing
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Trader#2F82
Feb 24, 2012 8:50am
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Quoting thrishelle
since monday i read news and short but when i OP the chart is UP.
manipulation?
NO NO NO do not name it Manipulation
But """""PERFECT INTERVENTION"""
they press the wrong bottom
instead if intervening in eurochf they are doing it in eurousd
well done CBs continue MANIPULATING & INTERVENING
for proofs of my talks look at audusd nzdusd usdcad all are nearly steady stall no motion whatsoever only eurousd gbpusd are moving INTERVENTION
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