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Cable Update (GBPUSD)

  • #110,081
  • Jan 8, 2009 5:49am Jan 8, 2009 5:49am
Quoting gammase1
Watch out for an explosive move to the upside if that happens.
Are you sure about that? Let's say they don't cut (which is almost improbable) - does this mean they won't cut anymore? No, this means they just put it off, so it should send a sell signal quite clearly anyway.
  • #110,082
  • Jan 8, 2009 5:50am Jan 8, 2009 5:50am
No i heard the 1% cut of sky news lol, but like they have any real idea.
Some guys name come on screen sayin expects rates around 1%

Edit NOT sky news, Bloomburger
  • #110,083
  • Jan 8, 2009 5:51am Jan 8, 2009 5:51am
Less than 10 min to go.
  • #110,084
  • Jan 8, 2009 5:53am Jan 8, 2009 5:53am
Quoting Subdude
Are you sure about that? Let's say they don't cut (which is almost improbable) - does this mean they won't cut anymore? No, this means they just put it off, so it should send a sell signal quite clearly anyway.
Initially, I think there would be an explosive, reactive move to the upside, then, once the dust has settled, the price may come down, to perhaps even a lower level, as market participants punish the MPC for delaying the inevitable.

Of course, I am not sure that this exact scenario would play out. How can one be sure about how a hypothetical situation may play out? Your question makes no sense.
  • #110,085
  • Jan 8, 2009 5:54am Jan 8, 2009 5:54am
Quoting Subdude
Are you sure about that? Let's say they don't cut (which is almost improbable) - does this mean they won't cut anymore? No, this means they just put it off, so it should send a sell signal quite clearly anyway.

I would agree with Subdude on this answer...
it is apparent that the UK is in deep dung...and to do nothing is not what many want to hear...it will send a chill through the UK..

remember..to do nothing ...but expect different results is ....you know...
  • #110,086
  • Jan 8, 2009 5:54am Jan 8, 2009 5:54am
The Fomc know how to release news.Nothing like a 5 min delay to get the heart pumping
  • #110,087
  • Jan 8, 2009 5:55am Jan 8, 2009 5:55am
the charts are awefully quite.... too quite..... hmmm i wonder why lol
  • #110,088
  • Jan 8, 2009 5:55am Jan 8, 2009 5:55am
Quoting JammerJams
I would agree with Subdude on this answer...
it is apparent that the UK is in deep dung...and to do nothing is not what many want to hear...it will send a chill through the UK..

remember..to do nothing ...but expect different results is ....you know...
Yeah it will cause the FTSE to tank for sure.They would want to avoid that for sure.
  • #110,089
  • Jan 8, 2009 5:55am Jan 8, 2009 5:55am
cut or no cut it will be a whipsaw, and no direction after the release.
  • #110,090
  • Jan 8, 2009 5:58am Jan 8, 2009 5:58am
Last chance for longs to get out? Just kidding.
  • #110,091
  • Jan 8, 2009 6:04am Jan 8, 2009 6:04am
No movement at all. Lol
Manage your risk accordingly and you're half done your home work.
  • #110,092
  • Jan 8, 2009 6:06am Jan 8, 2009 6:06am
it seems like the market expected a heavier cut...
  • #110,093
  • Jan 8, 2009 6:07am Jan 8, 2009 6:07am
still be looking for long, will like to see how this 7 am bar play out
  • #110,094
  • Jan 8, 2009 6:07am Jan 8, 2009 6:07am
1.5300 on the way.
  • #110,095
  • Jan 8, 2009 6:07am Jan 8, 2009 6:07am
initially the new was bad for UK, i just wonder the G/U still going long after the new release.
  • #110,096
  • Jan 8, 2009 6:08am Jan 8, 2009 6:08am
GU went up like crazy~~
  • #110,097
  • Jan 8, 2009 6:08am Jan 8, 2009 6:08am
Quoting Eclipse
it seems like the market expected a heavier cut...
Broad expectations were for 50bps, with outside chance of 100bps. This is why we're seeing this initial rally in sterling, a kind of relief with respect to the limited impact on the currency's yield.
  • #110,098
  • Jan 8, 2009 6:10am Jan 8, 2009 6:10am
Quoting Atondra
1.5300 on the way.
Certainly hope it goes close, as this will be the my first short entry..
  • #110,099
  • Jan 8, 2009 6:10am Jan 8, 2009 6:10am
Quoting gammase1
Broad expectations were for 50bps, with outside chance of 100bps. This is why we're seeing this initial rally in sterling, a kind of relief with respect to the limited impact on the currency's yield.
Initial rally?? It's rocketing to the Moon! Any expectations for landing soon?
  • #110,100
  • Jan 8, 2009 6:11am Jan 8, 2009 6:11am
This reminds me why I hate this pair so much - its move defy explanation.
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