Rate Cut Today
Thursday, November 6th, 2008London: Interest rates cut is expected today. There’s a general concensus that the Bank of England would do this to ease the cost of borrowing in their midday announcement. How far are they willing to go?
Cable Gain Slides
Friday, October 31st, 2008Cable GBPUSD, gave up its three trading sessions of continuous rise for the bottom again. After hitting a six-year low of 1.5363 last week the pair have been trading well into the 1.6671 before the turnaround again intotrading the troubled zone. How long will this vacillation continue before stability?
Cable Gains And More
Wednesday, October 29th, 2008Cable, GBPUSD gained a significant reprieve last night amid previous lows from last week’s traded levels. This morning saw a continuation on the ‘out of jail’ breakout of Tuesday’s trading session. Could this be the mark of a resurging cable?
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