Hi trumps, I think it is a very good idea to look at historical precedents. But I am not sure GFC is a good precedent, by the following reasons: - yes, G/U rebounded from 1.35 to 1.7 from January to August 2009. But in July 2008, G/U traded at 2.03. ...

Cable Update (GBPUSD)

For those who may be interested, here's the speech by Bailey at Jackson Hole: url I guess nothing really new, but looks quite dovish to me. "The MPC has moved on from that approach as market conditions have eased. In June we increased the stock of ...

Cable Update (GBPUSD)

Maybe others can definitely forecast the direction of cable (or any other pair, for that matter), but I can't. I can only look at the drivers and try to decipher from the price action and from events I anticipate which scenario is being played out. ...

Cable Update (GBPUSD)

My view for the next two months. Would be happy to hear other views. Reasons to go short G/U: - Brexit trade negotiations are entering the endgame, and it won't be pretty: contrary to market expectations, there is no path to a deal; - adding to ...

Cable Update (GBPUSD)

Coronavirus is definitely very dangerous. But I sort of feel for the flu when everyone dismisses it as non-important. It still kills half a million a year, and in its days of glory (Spanish flu) infected quarter of the world's population and killed ...

Cable Update (GBPUSD)

Bones, and Powell hinted at the rate cut. url Trading GU may not be easy next week. First round of UK-EU trade talks is likely be bad (and next rounds even worse, until the talks collapse in June or even before), any rumours or press conferences ...

Cable Update (GBPUSD)

Hi Guz, Thanks for the reply, I understand your thinking better now. I agree with you that: 1) UK economy will likely show some recovery in the next few months; 2) US economy growth is slowing down, market may need to adjust its expectations; 3) ...

Cable Update (GBPUSD)

Hi Guz, Would it be possible for you to elaborate on this a bit? I always read your posts with much attention, as many times you correctly predicted GU behaviour, and some of your calls were surprising to me but proved to be right almost to the pip. ...

Cable Update (GBPUSD)

Hi all, I was following this forum (and this thread in particular) for some time, and now decided to participate. But first of all, I would like to thank everyone for the insight that you share so generously. I learned a lot just by reading your ...

Cable Update (GBPUSD)