Sterling

[BlowFish 10]

Well after a steady slide against the dollar for a few weeks it looks like EUR.GBP has bust out of a several month range. I just wondered what you currency guys & gals thought about sterling's immediate to mid term prospects? Doesn't look great to me.

 

This is merely from a general interest point of view of someone that has pounds as there 'home currency' rather than as a trading opportunity (though it would seem that opportunities exist).

[Guest forsearch]

You can thank the Chancellor of the Exchequer for that one...

[BlowFish 10]

Yeah what a bizarre interview. Having said that the Euro breakout appeared to happen immediately before he gave it.....I am sure the conspiracy theorists will have a field day with that!

[traderkeith 10]

For many years under Margaret Thatcher Sterling traded around the 1.50 area to the dollar. The move upto 2 is something that has happened several times and the move down to the 1.50 to 1.75 area is nothing special historically speaking.

 

Also considering that Britain boomed her way through the German recession of the early 2000's it is perhaps her turn, with North Sea oil production now falling year by year to take a little down cycle