As far as I can tell the UK is in more immediate trouble than the US, which is really not saying much since I would not personally give a loan to either.
You are showing as bearish with respect to GBP, which is as it should be, but with today's move up by over 150, which I admit to not understanding the reason for, do you feel that it will drop back down after the weekend?
I am thinking that it is related to the G20 meeting this weekend with the anticipation of a weakening of the USD since it is not so much a strengthening of the GBP we are seeing here as really a weakening of the USD across all the majors.
You are showing as bearish with respect to GBP, which is as it should be, but with today's move up by over 150, which I admit to not understanding the reason for, do you feel that it will drop back down after the weekend?
I am thinking that it is related to the G20 meeting this weekend with the anticipation of a weakening of the USD since it is not so much a strengthening of the GBP we are seeing here as really a weakening of the USD across all the majors.