USD/GBP Predictions?

[*JDR*]

I've got some worthless USD....been thinking that I must bite the bullet and change to GBP now whilst I still get slightler better than 50p.

With FED cutting rates and inflation likely to be 4%+ my USD is going to be worthless soon.

Any opinions as to the direction for Cable ?

 

[Rhody Trader]

Just a point of note. Cable is GBP/USD, not the other way around. That is the market convention and how it's traded.

 

[breadman]

jdr
have a look at a weekly chart of gbp/usd with a 12 day momentum indicator look at +1000/-1000 as a timing tool. you probably should have changed it over this week or last week around the 1.95 level. I think you are just a few days late but you can still do it.

 

[*JDR*]

I've got some worthless USD....been thinking that I must bite the bullet and change to GBP now whilst I still get slightler better than 50p.

With FED cutting rates and inflation likely to be 4%+ my USD is going to be worthless soon.

Any opinions as to the direction for Cable ?

Thank feck I never acted on this.

My USD position is lovely!