Cable Update (GBPUSD)

Cloggs, hand me the shotgun, wanna shoot myself!

Saw the setup, called it for myself and didn't take it...

BOOM!

out. 1.4890 +110 pips

eur and gbp atm very different behaviour,
do we have UK politic news?

Well one upside is that GB has announced his resignation however inevitable it was any way.
But I'm gonna stay until autumn and sort everything out with the LibDems and then we will look at electoral reform.
What poppycock!
The public voted indecisively because er.... politicians aren't trusted anymore.
It amazes the ordinary man in the street that whatever colour they may be the best minds can't, rather won't get together for the common aim of serving the people in the best way possible.
Nick Clegg could see himself become the most unpopular man in Britain should he allow GB one week more as Prime Minister!!!

Brown is resigning he will not lead a Coalition guv beyond Oct!!!

Gordon Brown has just resigned as Labour leader. Hoorah!

http://news.bbc.co.uk/1/hi/uk_politi...10/8672859.stm

out at 1.4866 . 135 pips in 10 mins NOT BAD!!!

takin a break fer a while talk atcha later

yes Brown is talking with cloggie and 1BB to form the new gov .

Who popped the cable balloon??

I've been scalp-shorting for the past few hours everytime she hit 1.50-ish going for 10-15 pips .. but I was ready to give up on the last short .. glad I held on

2010.05.10 18:59:27 *UK Brown:My Duty To Ensure Govt Continues Amid Political Talks

2010.05.10 19:00:40 *UK Brown:Lib Dems Clegg Said He Wants Negotiations With Labour

2010.05.10 19:00:55 *UK Brown: Deficit Reduction Must Be First Priority

2010.05.10 19:01:05 *UK Brown: Will Do All Can To Form Strong, Stable Government

2010.05.10 19:01:31 *UK Brown: There Is Potential For "Progressive Government"

2010.05.10 19:02:23 *UK Brown: No Desire To Stay As PM Once Key Reforms Made

2010.05.10 19:02:41 *UK Brown: Says Will Stand Down As Leader

2010.05.10 19:03:02 *UK Brown: Asks Labour Party To Start Leadership Contest

What a hoot !

Perhaps Clegg is upping the anti to get a better deal from the Cons..

Gordon staying til October ?

Can't see it...

GBP must be stuffed now...

Damn missed the markets' reaction because I was too busy listening to that Fat ****!!!!

ha ha, but with cloggie&bbakker as premier and minister,
pound would rise to 2.00

clegg still wants to talk to labour party. gb to stand aside if it helps.

More like 20.00

You shouldn't have married her daughter !

cloggie i do see 135 but not sure when

Dammit, went an made a cuppa coffee and miss all the action! Why did cable drop so much? was it because brown resigned?

Check out this nice bounce off of the 4 hr Trend line and the large rejections at 3 points.Jim

No because he's thrown a spanner in the works and though announcing he will resign, he won't be doing so until autumn at earliest!!!
Clegg will do himself no favours if he allows GB to be the puppeteer, and having seen Brown in person years ago behind the scenes, there is no way he will give Clegg any thrift.
Markets are gonna go crazeeeeeeeee in the next few days, weeks!!!!