GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB | Forex Factory

  • GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB

    From efxnews.com

    EFX News - Foreign Exchange & Global Currency Trading News Home Institutional Strategies Central Banks Insider eFX Columns All eFX Articles eFXplus(+) Subscription GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus - NAB 18 Apr 2017 12:09 EDT NAB FX Strategy Research notes that the GBP has stages a significant rally in reaction to UK Prime Minister Theresa May's calling for a snap General Election on June 8th 2017. In that regard, NAB notes the GBP/USD exchange rate has broken its 200 day moving average for the first time since the day of the referendum on June 23rd last yea making a fresh high for ... (full story)

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glenngie
Apr 18, 2017 10:39am
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Quoting tradoholic
Yeah, in the same way that Euro was heading to Parity.... It may be quite possible, but market is ever changing, more rapidly than ever before. For someone to predict that much of a jump, in my opinion is far off the mark.
agree......some bad news form negotiations and "Tank City"
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glenngie
Apr 18, 2017 9:46am
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really? so Brexit means nothing now?
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ikouki
Apr 18, 2017 10:12am
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Market dynamics, fundamentals and sentiment doesn't always go the same way,
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Sanguis
Apr 18, 2017 10:23am
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Yes and today 1,3445. Joke.
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tradoholic
Apr 18, 2017 10:06am
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Yeah, in the same way that Euro was heading to Parity....
It may be quite possible, but market is ever changing, more rapidly than ever before. For someone to predict that much of a jump, in my opinion is far off the mark.
Reply
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