While it's quiet, I wonder if I may pose a question.
I have wondered over the past year since I've been trading, why the pound has the strength that it does, especially in comparison to say the Euro or the dollar.
I see the Euro/dollar correlation perhaps, countries like Germany and Austria are strong in production, but not the pound.
Compared to North America the British housing market is overpriced. It almost appears to be some bubble that could easily break at some point.
The rate of inflation seems almost unbelievable .
http://www.statistics.gov.uk/cci/nugget.asp?ID=19
I remember back in May thinking the same thing when it was 1.50 and here we are now above 1.60. This is one of the reasons I stopped trading the pound and switched to the Euro.
I'm not sure who here is into fundamentals, but it's a question I would really appreciate an answer to.
Thanks!
I have wondered over the past year since I've been trading, why the pound has the strength that it does, especially in comparison to say the Euro or the dollar.
I see the Euro/dollar correlation perhaps, countries like Germany and Austria are strong in production, but not the pound.
Compared to North America the British housing market is overpriced. It almost appears to be some bubble that could easily break at some point.
The rate of inflation seems almost unbelievable .
http://www.statistics.gov.uk/cci/nugget.asp?ID=19
I remember back in May thinking the same thing when it was 1.50 and here we are now above 1.60. This is one of the reasons I stopped trading the pound and switched to the Euro.
I'm not sure who here is into fundamentals, but it's a question I would really appreciate an answer to.
Thanks!