GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB

GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB

From efxnews.com

EFX News - Foreign Exchange & Global Currency Trading News Home Institutional Strategies Central Banks Insider eFX Columns All eFX Articles eFXplus(+) Subscription GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB 18 Apr 2017 12:09 EDT NAB FX Strategy Research notes that the GBP has stages a significant rally in reaction to UK Prime Minister Theresa May's calling for a snap General Election on June 8th 2017. In that regard, NAB notes the GBP/USD exchange rate has broken its 200 day moving average for the first time since the day of the referendum on June 23rd last yea making a fresh high for ... (full story)

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Post #1
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Apr 18, 2017 12:46pm Apr 18, 2017 12:46pm

glenngie
| Joined Nov 2009 | Status: Member | 1,283 Comments

really? so Brexit means nothing now?

Post #2
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Apr 18, 2017 1:06pm Apr 18, 2017 1:06pm

tradoholic
| Commercial Member | Joined Sep 2009 | 14 Comments

Yeah, in the same way that Euro was heading to Parity....
It may be quite possible, but market is ever changing, more rapidly than ever before. For someone to predict that much of a jump, in my opinion is far off the mark.

Post #3
Quote
Apr 18, 2017 1:12pm Apr 18, 2017 1:12pm

ikouki
| Joined Oct 2016 | Status: Member | 108 Comments

Market dynamics, fundamentals and sentiment doesn't always go the same way,

Post #4
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Apr 18, 2017 1:23pm Apr 18, 2017 1:23pm

Sanguis
| Joined Oct 2011 | Status: Member | 2,845 Comments

Yes and today 1,3445. Joke.

Post #5
Quote
Apr 18, 2017 1:39pm Apr 18, 2017 1:39pm

glenngie
| Joined Nov 2009 | Status: Member | 1,283 Comments

Quoting tradoholic

Disliked

Yeah, in the same way that Euro was heading to Parity.... It may be quite possible, but market is ever changing, more rapidly than ever before. For someone to predict that much of a jump, in my opinion is far off the mark.

Ignored

agree......some bad news form negotiations and "Tank City"

Story Stats

Posted: Apr 18, 2017 12:41pm
Submitted by:
Newsstand

Category: Breaking News

Comments: 5 / Views: 2,798