Tag Archives: British Pound

Sterling reaches its larger objective

Posted on November 14, 2008 by Ramki

Just a quick post to record the fact that the Sterling Pound has met its larger objective near 1.4570 last night and bounced sharply. (refer this post). Continue reading →

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Blood on the street as Sterling chops around

Posted on November 6, 2008 by Ramki

I warned you folks about this chop. In just 40 minutes, Sterling had dipped from 1.5830 to 1.5720 and raced higher to 1.6020. What should one do in such a market? The most sensible thing to do is to go out for a snack. Continue reading →

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Sterling whips around.

Posted on October 30, 2008 by Ramki

The Forex markets have been known to be very liquid. But today the liquidity was at its lows. Spread on GBP/USD was 15 pips wide for a mere 10 million quote even when London was in full swing. I imagine this must have been the case even yesterday in NY time because the currency just tore straight up Continue reading →

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