Thursday, February 11, 2010

Euro v pound sterling

With a Greece bail out looming and the "burden" on the bigger EU countries, plus the prospect of further help for others like Spain, Portugal and Ireland MAYBE the pound is set for relative strength against the €..

look at the chart

Look at daily...

AND the weekly ..

THEN probably coinciding with new weakness in the USD expect cable to go to new lows vs Euro possibly attempt at parity?

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