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  • Sterling could sink or soar 10% and is the ‘most interesting currency to trade,’ strategist says

    From cnbc.com

    The British pound is set for some major volatility at the start of next year due to ongoing Brexit negotiations, one currency expert told CNBC Tuesday. The currency could see its value drop by as much as 10 percent if the U.K. does not reach an agreement with the European Union over its future trading arrangements, Thanos Vamvakidis, head of G-10 foreign exchnage strategy at Bank of America Merrill Lynch, told CNBC's "Squawk Box Europe." "If we don't get a deal, sterling can be weaker by about 10 percent, (or) even lower. If you get a deal, any deal, …. (sterling) can be up by 10 percent. I don't think any other ... (full story)

Be ready to buy everyone. They are saying it is going down. These people know shit!! 1.28 I am a buyer. Stop and management in place. Fuck the rest!
It sunk already, so any possible extreme scenario would be 10% soar.

Same with other currencies against USD.
  •  Guest
  • | IP XXX.XXX.120.154
options protection at 125 so wont go lower .
Buy low, sell high. Same old same old.
what about stay flat, not an option?
Quoting Cdfx
Be ready to buy everyone. They are saying it is going down. These people know shit!! 1.28 I am a buyer. Stop and management in place. Fuck the rest!
Not yet until the pound hit the ground. 1.20, i'll decide there either buy or sell. Nowadays, i'm bearish. Pound to the ground!
Quoting Cdfx
Be ready to buy everyone. They are saying it is going down. These people know shit!! 1.28 I am a buyer. Stop and management in place. Fuck the rest!
I agree 1.2800, confluence of levels, the only way is up baby, dont miss a 1000 or more pip move
Just keep Pounding the Pound.
IM long buy aiming 1.35 against CHF .
I bailed on GBP when they put the half wit Canadian in charge, then 1.8 to the $, now 1.2 and change and folks there is no reason for it to go up after 6 years of feckless printing (QE), borrowing (National debt *3) ?? what ? like any of the simpletons at the B of E are going to get religion and try to actually raise rates and fight the inflation thats raised petrol 8% in the past 3 months ? and all other goods (I now, I know, the basket of Bangladeshi tea shirts says inflations only 3%)

Thank you very much Mr C, made me a rich man , gonna make me a lot richer SELL GBP, BUY GOLD
"Good Luck" buyer. "May the pips with u"😉
The Magic Eight-ball says "No-deal." Big mess for G.
Great input from BOA FX strategist ... How much are they paying him ?
well i have to agree with sellers for sterling.. it aint much for sterling to move up yet. the bearish momentum is still there. however im looking at floor of 1.2750. if it breaks 1.2700,, theres a tendency to lower at 1.25 then 1.22
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  • Story Stats
  • Posted: Aug 7, 2018 7:39am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 14  /  Views: 3,071