my friend..GU up not becoz cable strenghtened, but USD thats weaken.
My friend... yea it's true that USD weakening. When CABLE shoot UP ... it also means Pound Sterling strengthening against USD. It's a PAIR business. How come CABLE shoot UP if nobody BUY it. When you Long Cable... meaning you BUY Pound and SELL USDollar. More demand on it causing the price becoming more expensive and strengthening.
How do you explain when UJ just stagnant while other pairs actively moving just now? USD was weakening and JPY was also weakening at the same rate. Now only UJ falling down... meaning USD is weakening and JPY is strengthening.
Looking at the chart at this very moment. Fiber is still shooting UP while CABLE start falling down a bit. What is that means? USD still weakening and at the same time Pound Sterling also weakening. The rate of STRENGTHENING/WEAKENING will determine the direction.
Simple... Not Regulated. Dangerous. They can just pack up (gulung tikar) and close the business at any time and you can't sue them. Where you wanna keep your money safe? Regulated Bank or Unregulated Ah Long?