GBP/USD Update posted – check to see our analysis of how far it will fallhttp://ow.ly/9f84q #fx #forex $$
I’d still be a touch cautious with sterling as I believe the recent sell off has possibly been overdone. Current values of the single currency are not a true reflection of what is going on, and this scenario will continue. The Eurozone’s problems are far from over, sad to say.
-==Crackers cable will test lower 1.55 or even 1.54 before reversing there will be a few bounces of a dead cat nature in the short term…………nothing goes in a straight line i would be more concerned with the commodity currencies
I think this has more chance of seeing 1.6166 before it goes down…
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