British Pound To Take a Pounding
Tomorrow’s post about the British Pound was going to point out that it looked to be forming a very neat double bottom with a strong possibility for a bounce back up to the 2.000 level. However, today’s news that the UK goverment has taken the Northern Rock bank into “public owernship”, ie nationalised may [...]
Pound to Dollar
Back to using this blog for currency related matters as there is so much going on in other markets.
Cable , ie the pound dollar, has taken a hammering since last November’s multi-year peak. However, there is now a potential for a double bottom at the 1.94 (1.9335 was the low for this year) area with [...]