Tag Archives: GBP/USD

Sterling chops my neck

Posted on October 24, 2008 by Ramki

I have been looking for Sterling to find support around 1.5850 because that area marked was respected several times in the past 20 years. But today was a different story. Incredible as it seems, we were at 1.75 just 4 days back, and today’s low was 1.5260. That is a cool 22 BIG FIGURES down Continue reading →

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Next dip in Sterling is a buy!

Posted on October 22, 2008 by Ramki

The sharp sell-off in GBP/USD this morning was on the back of comments from Bank of England Governor Mr. Mervyn King that the UK was probably entering recession for the first time in 16 years. The high for Sterling yesterday … Continue reading →

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