Cable Update (GBPUSD)

hey Carrera, i think you can attribute that move to Mr George Soros and Black Wednesday! when there was no MPC and UK politictians caused sterling to fall out of ERM.

Wooaah, you do think far ahead, don't ya?

yeah maybe my kids will trade this chart not me

Here is the update about the $:

Aug. 11 (Bloomberg) -- Just because the dollar posted its biggest gain against the Euro in almost eight years doesn't mean the U.S. currency won't continue to be plagued by the nation's slowing economy, widening budget and trade deficits and negative inflation-adjusted interest rates.
The 4 percent surge against the single European currency this month was enough to prompt Bank of America Corp. to tell its customers to exit trades betting on more gains. Morgan Stanley still forecasts the greenback will approach a record low by October as the U.S. housing slump and credit-market losses keep the Federal Reserve from raising interest rates this year.

And the second negative sentiment about $ this week:

Aug. 10 (Bloomberg) -- Sales at U.S. retailers probably dropped in July for the first time in five months as record gasoline prices siphoned the cash from tax rebates out of consumers' pockets, economists said before reports this week.
Purchases fell 0.1 percent after a 0.1 percent gain in June, according to the median estimate in a Bloomberg News survey before the Commerce Department's report on Aug. 13. Other reports may show food and fuel prices pushed up the cost of living, while manufacturing stagnated.
Consumer spending, which accounts for more than two-thirds of the economy, is likely to keep fading after growing at the slowest pace in 17 years. Americans will still be faced with rising unemployment, falling property values and elevated fuel costs after the rebate checks have gone out.

So keep up the moral for long guys and the first 3 nights of this week is very important for UK news-PPI, CPI, inflation report, Nationwide HP index so I think most of this week UK price action will all depend up on their red news, so be careful all long guys; I think scalping or trimming the loss within the same account could be a major trigger for all long guys and when the news will come out green then those triggers will be placed accordingly;

Have fun in trading!!!!!!

Hope it makes sense

wow we have a short gap 1 GBP = 1.9146

damn i just saw 191.29 on forexnews.com

follow this http://www.xe.com/

and falling further!!

cool thanx

u welcome bro , .. price falling again 123

gonna be hard for the steriling this week

Crazy.

oh look at it go already, out of the blocks down -70

u mean for the end of the year not only for today

longs hold on to ur hats, this could be blood bath again b4 any up move

We pass 190.74 bye bye pound.

hey guys
im looking for a better week

hahahaha at least better than last crazy weird week

That's the last straw when u see u'r girlfriend as a pinup!!!
I WAS LUCKY

hey michoo hows u man