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Pounds to Dollars 26 Jan 2011

My post on pounds to dollar pair which is posted on my personal blog.   Markets now waiting for outcome of this evening’s FOMC meeting and despite yesterday’s appalling UK gdp figures sterling may in fact bounce back. Key technical areas:  Must break above USD1.5927...

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Forecast for the GBP/USD – 1st November 2010

The positive sentiment following Thursday’s wide spread up bar spilled over into Friday’s forex trading session with cable continuing its recent upwards momentum, breaking and holding above the psychological USD1.60 level to end at US1.6044.  On the day, cable recovered from a low of USD1.5876...

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