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Cable Update (GBPUSD)

  • #113,001
  • Jan 20, 2009 4:12am Jan 20, 2009 4:12am
UK plc is broke and we should call in Administrators !

Its over !
  • #113,002
  • Jan 20, 2009 4:13am Jan 20, 2009 4:13am
It sucks, and is said tongue in cheek but there is serious value here now for US investors....

Just think, a lovely terraced victorian cottage on an island surrounded by luscious South London babes. Think Blue Lagoon, but without tropical storms..

Did someone just buy a pound? Last chance...

Quoting trader2160
We have Mr Greenspan to thank.I know the feeling mate.Currency and property value going down together.
Ride the Bulls bearback!
  • #113,003
  • Jan 20, 2009 4:15am Jan 20, 2009 4:15am
Is Cable finally going to stay above 1.4? Is this fourth attempt at a rally going to hold? Only time will tell.
  • #113,004
  • Jan 20, 2009 4:15am Jan 20, 2009 4:15am
It's back above the dreaded 1.4 level. Can it stay there?
Making Pips is easy, loosing them is even easier!
  • #113,005
  • Jan 20, 2009 4:19am Jan 20, 2009 4:19am
Quoting alcando
It sucks, and is said tongue in cheek but there is serious value here now for US investors....

Just think, a lovely terraced victorian cottage on an island surrounded by luscious South London babes. Think Blue Lagoon, but without tropical storms..

Did someone just buy a pound? Last chance...
In all seriousness, I think you make a valid point.

There will be great value in UK commercial and residential property for foreign investors.

Also, this latest move in sterling is positive for FTSE100 companies who derive a chunk of their earnings in overseas markets, due to positive translation effects when repatriating profits and converting dollar denominated dividend payouts to sterling. Namely, Vodafone, BP, RDSA, Anglo American, GSK, Astra Zeneca, BAT, Imperial Tobacco...
  • #113,006
  • Jan 20, 2009 4:20am Jan 20, 2009 4:20am
What I want to know is how is it possible for it to keep dropping like that? In order for people to keep selling, someone has to keep buying, but who in their right minds would go long when the pair is dropping like a rock?!
Making Pips is easy, loosing them is even easier!
  • #113,007
  • Jan 20, 2009 4:22am Jan 20, 2009 4:22am
Quoting FastLife
What I want to know is how is it possible for it to keep dropping like that? In order for people to keep selling, someone has to keep buying, but who in their right minds would go long when the pair is dropping like a rock?!

Lets see, there are shorts from higher levels covering, there are commercial interest converting USD to GBP's, ther are scalpers trying to get a few pips and the list goes on.
  • #113,008
  • Jan 20, 2009 4:28am Jan 20, 2009 4:28am
Quoting gammase1
In all seriousness, I think you make a valid point.

There will be great value in UK commercial and residential property for foreign investors.

Also, this latest move in sterling is also positive for FTSE100 companies who derive a chunk of their earnings in overseas markets, due to positive translation effects when repatriating profits and converting dollar denominated dividend payouts to sterling. Namely, Vodafone, BP, RDSA, Anglo American, GSK, Astra Zeneca, BAT, Imperial Tobacco...
They would be coming in droves,but things arent helped by a certain bow-tied guy popping up on Bloomberg saying the UK is finished.Plus the international Tycoons are busy committing suicide thanks to our buddy Madoff.There was another fund manager who disappeared a couple of days ago in,they said he stole a paltry 300 mil.
  • #113,009
  • Jan 20, 2009 4:29am Jan 20, 2009 4:29am
Enterung Sell Bomb James Bond 007
The Ottelo way's find the mutual system to wins
  • #113,010
  • Jan 20, 2009 4:29am Jan 20, 2009 4:29am
Quoting alcando
It sucks, and is said tongue in cheek but there is serious value here now for US investors....

Just think, a lovely terraced victorian cottage on an island surrounded by luscious South London babes. Think Blue Lagoon, but without tropical storms..

Did someone just buy a pound? Last chance...
hahahaha . . . .
  • #113,011
  • Jan 20, 2009 4:31am Jan 20, 2009 4:31am
1.4 seems to be a line in the sand for the short term. Each faction has pushed it across the line at least six times now. Who will win? At least in the short term???
  • #113,012
  • Jan 20, 2009 4:31am Jan 20, 2009 4:31am
Quoting trader2160
They would be coming in droves,but things arent helped by a certain bow-tied guy popping up on Bloomberg saying the UK is finished.Plus the international Tycoons are busy committing suicide thanks to our buddy Madoff.There was another fund manager who disappeared a couple of days ago in,they said he stole a paltry 300 mil.
They will eventually come, of that there is no doubt, irrespective of what Jim says. As much as I love listening to his views, Jim was also bullish on the price of crude oil as it fell from $147 to $127, saying what a great buying opportunity this pullback presented. He is also famously ultra-bearish on the greenback, a view he has been screaming from the rooftops for some time now.
  • #113,013
  • Jan 20, 2009 4:36am Jan 20, 2009 4:36am
Quoting gammase1
They will eventually come, of that there is no doubt, irrespective of what Jim says. As much as I love listening to his views, Jim was also bullish on the price of crude oil as it fell from $147 to $127, saying what a great buying opportunity this presents. He is also famously ultra-bearish on the greenback, a view he has been screaming from the rooftops for some time now.
lol yeah hes been raving about shorting the dollar since 2007.Must have huge shorts
  • #113,014
  • Jan 20, 2009 4:41am Jan 20, 2009 4:41am
It looks like the drop is over for the time being.
It is EUR turn now
  • #113,015
  • Jan 20, 2009 4:45am Jan 20, 2009 4:45am
Exactly. A time of opportunity for those with Kahuna's. With the GBP being so undervalued, the slightest hint of an uptick in this economic climate will send GBP and UK assets soaring in USD terms. Don't follow the herd guys, See the value... soon.

PS. 2 properties for the price of 1. Special price today only....

Quoting gammase1
In all seriousness, I think you make a valid point.

There will be great value in UK commercial and residential property for foreign investors.

Also, this latest move in sterling is positive for FTSE100 companies who derive a chunk of their earnings in overseas markets, due to positive translation effects when repatriating profits and converting dollar denominated dividend payouts to sterling. Namely, Vodafone, BP, RDSA, Anglo American, GSK, Astra Zeneca, BAT, Imperial Tobacco...
Ride the Bulls bearback!
  • #113,016
  • Jan 20, 2009 4:49am Jan 20, 2009 4:49am
Just be cautious on late entry longs as the Footsie and Dax are getting a smack on the bottom atm. I am watching it climb to see if the short squad return with the equity bears.

Come on Messiah Obummer!

Quoting Atondra
It looks like the drop is over for the time being.
It is EUR turn now
Ride the Bulls bearback!
  • #113,017
  • Jan 20, 2009 4:55am Jan 20, 2009 4:55am
is it time for go long or just.......
The Ottelo way's find the mutual system to wins
  • #113,018
  • Jan 20, 2009 4:57am Jan 20, 2009 4:57am
It's probably been mentioned already, but Mervyn King speaks tonight at 8.20 GMT. His recent addresses have caused huge moves to the downside in Cable. Tonight he will give details of the latest bank bailout package, meaning he will likely touch on any plans to expand the Bank's balance sheet (print more money).
  • #113,019
  • Edited 5:12am Jan 20, 2009 4:58am | Edited 5:12am
FTSE is green +0.8% . CPI is not as bad as expected: actual: 3.1, forecast: 2.6.
it should retrace
Give me patience
  • #113,020
  • Jan 20, 2009 5:00am Jan 20, 2009 5:00am
Quoting gammase1
They will eventually come, of that there is no doubt, irrespective of what Jim says. As much as I love listening to his views, Jim was also bullish on the price of crude oil as it fell from $147 to $127, saying what a great buying opportunity this pullback presented. He is also famously ultra-bearish on the greenback, a view he has been screaming from the rooftops for some time now.
I used to see Jimbo in the late 90's screaming gloom and doom for the dollar. He hasn't changed!
Hi, my name is Barry and you can keep your doctor...
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