$GBP - How low can we go?
Tacking back to yrs of data, perhaps we go ahead to George Soros area of chart and going back to 84-87 areas of price action. Interesting times, I think 1.10 could be achievable as we are in recession, fundamentally very weak outlook for gbp and you got dollar king rising further as hikes remain on the table till end of yr for US.
Interesting times, for longer term this brings great opportunities of investing.
TJ
Tacking back to yrs of data, perhaps we go ahead to George Soros area of chart and going back to 84-87 areas of price action. Interesting times, I think 1.10 could be achievable as we are in recession, fundamentally very weak outlook for gbp and you got dollar king rising further as hikes remain on the table till end of yr for US.
Interesting times, for longer term this brings great opportunities of investing.
TJ
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1.10 hit, next area of interest 1.07/1.06
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1.06 HIT! We even got 1.03 half areas hit, next low 1.00, 0.98 and perhaps 0.88! IF we continue like this but as long as we stay above 1.03 - 1.06 I think we have that as support... However, another post was updated on my view on options we have regarding GBP.