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  • 5 Reasons Why Sterling Is Set To Resume Weakness - Goldman Sachs

    From efxnews.com

    Even without a further shift in monetary policy under a new BoE governor, sterling is set to resume its weakness, argues Goldman Sachs. GS outlines 5 reasons behind this bearish sterling outlook: 1. Notably high inflation rates in the UK have started to erode the UK's competitiveness, as can be seen by a gradual drift lower in GS tradeweighted sterling GSDEER ‘fair value’, for example. Since the mid-2000s, sterling has lost about 8% competitiveness on this basis. 2. As Euro area-related risk premia decline, the safe haven flows that boosted the pound vis-à-vis its largest trading partner, the EUR, have reversed. ... (full story)

Hurry hurry buy it. Target 1.55
  •  Guest
  • | IP XX.XXX.91.222
That's funny...all I've read over the weekend and today on FF is that the GBP and Euro are doomed and should weaken. Yet all they have done is gone up! lol
Quoting Fx-gtg
Hurry hurry buy it. Target 1.55
That's rather irrational and impulsive lol. Just given the shape of the UK, the Sterling should continue downwards. People forget, PA can still move up in a downtrend.
When the facts change I change my mind, what do you do sir
Quoting Guest
That's funny...all I've read over the weekend and today on FF is that the GBP and Euro are doomed and should weaken. Yet all they have done is gone up! lol
Really all they have done is gone up? Shit doesn't go down in a straight line.
When the facts change I change my mind, what do you do sir
Goldman Sachs,,, Isn't that the big "wall street" bank trying to peddle more manure again. The trend is your friend until it's not.
FX-gtg
you buy and enjoy God bless you. losing or wining the trade its business but we will not gamble .
If history is any guide, Goldman and Saks want people to do what they say so they can dump what ever. I saw this in the Euro/Aussie a while back. So while I will wait and see what the chart shows, my leaning would be to buy it rather than sell it
its going up but bear in mind thin easter liquidity trading conditions are exacerbating the moves up. it is in a clear downtrend, with poorest fundamentals, as well as an unjustified 52% premium against the usd
Always do the opposite of what Got-Your-Ball-Sack puts out to the public.
Nope, that might be what they (now) want you to think. It's generally a 50/50 crap shoot, the tw@ts have only just took APPL of their indestructible list, they're not the sharpest tools in the box a lot of the time. They employ their fair share of dick heads. ;-)

Quoting Mingary
Always do the opposite of what Got-Your-Ball-Sack puts out to the public.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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  •  Guest
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  • Story Stats
  • Posted: Apr 1, 2013 9:22pm
  • Submitted by:
     eFx Newz
    Category: Fundamental Analysis
    Comments: 10  /  Views: 2,798