Cool, I am thinking of going long just before ECB is to raise rates in June or perhaps in july Max, as market/powers will take it from the bottom...
EG will be sold and pound will be bought. UK cannot raise rates soon given their sh*t data. Hence, I would better wait for the opportunity and go long at 140ishh or below proly 138 and long on EG too same time!! Imagine It would pay you 1% more to hold EG longs (atm it pays .75 bps) if ECB raise rates by another .25 bps. Why would anny bank like to buy the pound and hold it.
EG will be sold and pound will be bought. UK cannot raise rates soon given their sh*t data. Hence, I would better wait for the opportunity and go long at 140ishh or below proly 138 and long on EG too same time!! Imagine It would pay you 1% more to hold EG longs (atm it pays .75 bps) if ECB raise rates by another .25 bps. Why would anny bank like to buy the pound and hold it.
Dislikedi reckon 43 is the last stand... if this hour hold i will long it. If 43 break i will reverse for good.
here is a picture of the last standIgnored