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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (26057)1/5/2010 11:49:04 AM
From: RockyBalboa  Read Replies (1) of 71442
 
The caveat is, like in all changes that since a downgrade is so widely expected there should be little additional move.

So, to the extent that this is not priced in (see EUR/GBP 0.90) this is bearish for the pound. The pound "stabilised" against a weakening EUR but just that.
Only in the event of a $ strength the pound retests low 1.50s.
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