But then do four year long consolidation patterns just happen by accident, across three pairs?
Ignored
This consolidation could still take another year or two to play out. If the UK can show signs of returning to sustainable growth and if last Q's figures at 1% are not just a one-off with the Olympic effect and they can reduce the yearly budget deficit, then we would see further gains on GBP, especially against JPY.
This consolidation could still take another year or two to play out. If the UK can show signs of returning to sustainable growth and if last Q's figures at 1% are not just a one-off with the Olympic effect and they can reduce the yearly budget deficit, then we would see further gains on GBP, especially against JPY.
Ignored
Interesting, thanks. Give me lots of time to build up more capital = )
This consolidation could still take another year or two to play out. If the UK can show signs of returning to sustainable growth and if last Q's figures at 1% are not just a one-off with the Olympic effect and they can reduce the yearly budget deficit, then we would see further gains on GBP, especially against JPY.
Ignored
Agreed. It is thought that around half the increase is down to the Olympics, with the differential between the last 2 quarters exacerbated by the additional Bank Holiday in the summer. The major part of the planned cuts in Govt. expenditure have still to be initiated, real unemployment is rising with headline new jobs being mainly part-time. There is still a long way to go.
