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Tag Archives: Sterling
#gbp makes history #sterling plunges worst day in history
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#uk #sterling rallies to its highest point ahead of the #british vote
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#gbp #pound as resilient as #sterling holds its games as #trader Focus on #betting odds
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Implied #British #Sterling Price swings his new record from six years ago
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#British #Sterling has weekend against strengthening #Euro
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#British #Sterling has lost 5% since previous #Inflation Report
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#HSBC #Bank predicts #Sterling Will go up
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#British #Sterling has declined 2%
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Forex Sterling Update
Forex Sterling Update
Despite yesterday’s rally, nothing has really changed
here. The Pound continues to test the resolve of the ‘late
to the move’ bears, who sold a break to a new 20 month
low just a few sessions ago. This situation is likely to
continue for a few more days before the trend to lower
levels – and hopefully to 1.4725, is seen. As I noted
yesterday, a trip through Monday’s low now would likely
be followed by an accelerated decline.
==
GBP/USD at $1.4725 as you imply, to me clearly reflects a greenback that is overvalued and sterling undervalued.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
