Thanks mate, this is what we should have on this thread!!
I am thinking on the same lines. Results indicate more pain to come for UK. Inflation is due to high energy prices not because people are spending, "they are not" that's what the recent retail report suggested. BOE is far away from rise and if they do, UK is doomed with so much job cuts coming their way property will be on the streets and not many would be willing to buy, who would have the money and jobs not there, who will finance.
ta
ams
I am thinking on the same lines. Results indicate more pain to come for UK. Inflation is due to high energy prices not because people are spending, "they are not" that's what the recent retail report suggested. BOE is far away from rise and if they do, UK is doomed with so much job cuts coming their way property will be on the streets and not many would be willing to buy, who would have the money and jobs not there, who will finance.
ta
ams
DislikedI'd noticed this megaphone pattern too, and was trying to figure it out; from a PA perspective, I consider GU to be in ranging mode, looking for fair value between the rough 1.6 and 1.64 area - really, a very slim range, given we've been back and forth here for months now.
Am looking to fundamentals and sentiment on sterling for that upwards break, but it keeps getting beaten down for sterling/UK specific reasons IMO, and we may now be in a sentiment shift, as they once again roll out the debt concern chestnuts. If we are indeed to see a xxxUSD...Ignored