GBP (British Pound)

Re: British Pound

Postby kennynah » Mon May 24, 2010 9:22 pm

San San wrote:Shall we buy pound?


bought 8-)
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Re: British Pound

Postby helios » Mon May 24, 2010 10:07 pm

WOWW ...

The emergency budget due from the new Government in the U.K. is on 22 June.

Ken ge ...
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Re: British Pound

Postby kennynah » Tue May 25, 2010 6:14 pm

GBP teetering on verge of a major breakdown at 1.428 but it is also bordering on a last line of fibo support defence .... good luck traders :!:
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Re: British Pound

Postby kennynah » Thu May 27, 2010 6:13 pm

very strong push up on gbp/usd today... a mini break out to the upside
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Re: British Pound

Postby kennynah » Tue Jun 01, 2010 7:37 pm

just look at cable running
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Re: British Pound

Postby kennynah » Tue Jun 01, 2010 9:11 pm

Reporters have their way of earning their salaries by explaining the why's n wherefores of a price move...
So it's been reported that the current cable run is bcos the prudential deal maybe off

solid lah these pple!!
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Re: British Pound

Postby winston » Tue Jun 01, 2010 9:40 pm

Hmm.... the deal is worth about US$35.5b.

They will be paying US$ so they will need to buy some US$, thus sending the British Pound relatively lower.

However, I thought the forex market is huge so why would a US$35.5b transaction affect things ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: British Pound

Postby kennynah » Tue Jun 01, 2010 9:43 pm

nope....pound is running up ...not down...

but yes...i agree... how can this amount be a fx mover... :shock:
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Re: British Pound

Postby winston » Tue Jun 01, 2010 9:53 pm

kennynah wrote:nope....pound is running up ...not down...


Ok, then it's logical because they are expecting the deal to die so Prudential dont have to buy US$.
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Re: British Pound

Postby kennynah » Tue Jun 01, 2010 9:55 pm

imo....that report is utter nonsense lah.... this is small change in the world of fx....
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