Consumer confidence in the UK declined as well as Services PMI, which gave a push on Cable lower as traders begin to think that the MPC may cut interest rates. Sentiment has been on a stronger US Dollar versus the British Pound, so we will play that sentiment today.
- #12,294
- May 7, 2008 10:13pm May 7, 2008 10:13pm
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #12,295
- May 7, 2008 10:14pm May 7, 2008 10:14pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts