Where will we sell eurgbp lads?

[scose-no-doubt]

Hope nobody shorted yet

 

[arabianights]

I'm ooooooooooooooooooooooooooooooot

 

[shadowninja]

Since I can't edit my last post, that was not a call to sell Euro. It was merely a correction to anyone who was shorting below this level, hence the wink. I am not bearish... yet. In fact, since it's Friday, I'm offish.

 

[arabianights]

I *WILL* sell the ****er again at some point. Europe is ****.

 

[counter_violent]

I *WILL* sell the ****er again at some point. Europe is ****.

Gowann, you know you want too !!

 

[spinola]

See if this EURGBP attempts lower from here 0.8866 , time wise looking out a couple weeks ! So chunk a piece on that will allow you to ride out a few weeks to see where its at then !

Well I've just pulled the short off this pair taking +195 pips. Nice Head fake out above 89.00 ! More downside likely but i've switched into another pair that I thinks gagging for it...

 

[arabianights]

heh... I forgot to give more thoughts to this...

suffice to say... cable up to 2

 

[squall321]

bump

 

[squall321]

its close to breaking the october high
i am sooo bullish on this, it's going beyond parity believe it

 

[squall321]

factors against GBP:

inflation 4%
forever rates at 0.5
manufacturing down
retail sales down (worst on record)
gdp 2010 q4 negative
gdp 2011 q1 probably negative or something stupid like +0.3
government don't have a handle on anything

come on, what is the bullish case for the pound?