Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (2549)	11/22/2007 9:31:38 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 71475

If you look at the GBP EUR Cross you see that it broke out from its yearlong 0.66/0.70 trading range. At 0.72 they are not finished, the folks trading that cross through pound sales on slower EUR days dont let up. fxstreet.com the EUR/GBP reached the old 2003 highs actually and surpassed previous 2004 and 2005 0.7050 highs. Much is priced in: The real risk is a do nothing by the British then it would likely reverse to at least under 0.70. But perhaps the british with all their bank problems elected to mimick US monetary policy and thereby accept a weaker Pound.