Cheers Paul, thinking on the same lines (good to have an experts opinion as well!), either ways dollar goes up.
On the contrary, I see weakness in GBP until the next week's MPC meeting. When BOE brings more clarity to the policy it might rise.
Technically, we want to see 1.66 challenged for atleast week for bullish bias. To hell with everything else.
Well let's see.
On the contrary, I see weakness in GBP until the next week's MPC meeting. When BOE brings more clarity to the policy it might rise.
Technically, we want to see 1.66 challenged for atleast week for bullish bias. To hell with everything else.
Well let's see.
DislikedA big boost for the dollar and would leave sterling even more exposed as the whipping boy, the ugliest sister, the biggest dog, out of the major and minor currencies, in my opinion. Such a statement to withdraw and head for the exits sooner than planned could cause a nasty squeeze on weaker dollar short positions.Ignored