Pound Striking Back Sends U.K. Currency Bears Seeking Shelter | Forex Factory

  • Pound Striking Back Sends U.K. Currency Bears Seeking Shelter

    From bloomberg.com

    The pound’s resilience following buoyant post-Brexit economic data is encouraging some sterling pessimists to rethink their short-term strategies. Deutsche Bank AG has exited a bet for sterling to fall on a trade-weighted basis, while retaining its longer-term negative view on the U.K. currency. UniCredit SpA said it had closed a short pound-dollar position, or a wager sterling would weaken, to reduce “tactical” risk. The pound rose for a fifth day against the greenback, its longest winning streak since March. Reports such as an index of August services, which jumped the most on record when it was published on ... (full story)

Comment Options
Not-KPMG
Sep 6, 2016 7:26am
Permalink
If anyone is following Bloomberg 's advices, buys pound, rents London housing and other shenanigans that big banks advertise.... - why don't you just hand over the money now The banks can use some. Poor banks
That's why they give "free" advice. Makes them free money
PS: if anyone wants to invest as above, please calculate your affordable loss, don't trade, but send me half of the money We all win
Reply
TudorIoan
Sep 6, 2016 7:47am
Permalink
Hey, Not! Love you for your determined attitude, buddy
I know you for a while as a wise trader. But you're too angry with the banks
Let's see:
1. if their free advice is shit (proved in time), anyone can do the other way round and be a winner;
2. if they prove right (in time), anyone can listen to them and be a winner too;
So I would say that in capitalism the banks are not necessarly a fraud themselfs.
...it's about us, the gamblers, the debtors, the guys who take options on some finacial given information
Take care, man!
Reply
Not-KPMG
Sep 6, 2016 11:41pm
Permalink
Quoting TudorIoan
Hey, Not! Love you for your determined attitude, buddy
I know you for a while as a wise trader. But you're too angry with the banks
Let's see:
1. if their free advice is shit.....
...it's about us, the gamblers, the debtors, the guys who take options on some finacial given information
Take care, man!
Hi Tudor
Long time no see Did you go on big vacation?

Banks are OK, I guess, about 30%
I just like to criticise a little, mostly if they are contrary to my opinion.
But who cares, we decide for ourselves.
Good trading bud !
Reply
Not-KPMG
Sep 7, 2016 12:32pm
Permalink
Quoting Not-KPMG
If anyone is following Bloomberg 's advices, buys pound, rents London housing and other shenanigans that big banks advertise.... - why don't you just hand over the money now The banks can use some. Poor banks
That's why they give "free" advice. Makes them free money
PS: if anyone wants to invest as above, please calculate your affordable loss, don't trade, but send me half of the money We all win
Quite a drop in this strong pound over 110 pips. Tut tut....
People who lost money - my consolations.
People who didnt trade - I'm expecting half of your "not loss" send to myself
Reply
Not-KPMG
Sep 9, 2016 2:34am
Permalink
I'm still expecting

For today's traders, another drop, another loss.
Listen to big banks - they care about your money
Let's express my consolations with......Britney's song 'Oooopps I did it again'.
Reply
AtTchnamentl
Sep 6, 2016 7:33am
Permalink
the charts agree GBPUSD looks like its about to break out from trading channel
Reply
papaizo
Sep 6, 2016 7:05am
Permalink
with the recent post brexit rhetoric and uncertainty surrounding the UK real exit from EU, the pound is bent on diving again!!
Reply
  • Story Stats