top of page

GBP getting stronger ?


hey all

I was asked an interesting (and common) question from a Linked in friend this week

"when will GBP get Stronger ?"

heres a Fixed Strengthmeter from jan 2016 to date ....the Red line is of course GBP

The good news is that GBP (the red line) has certainly clawed back against most currencies in the last 12 months .....but the problem is the intial drop was over 20% on currencies from highs of 2016 on the fateful 24th June decision....that takes years to recover from unless we had some huge news event - (like deciding to stay in the eurozone)...if the Negociation process remains positive and on track i can see some increase in GBP value over next 12 months ......we are seeing a major Resistance (Ceiling) level at the moment on the red line shown ......if it can stay above the line and keep growing it will be a stronger GBP in 2018..fingers crossed !!

just my view and dont quote me ......as for trading - i will as usual trade what i see and not what i want to see !

N


 
 
 

Recent Posts

See All
FXCorrelator - Adieu ! (?)

hey all ....with my last blog Post nearly a year ago here - its pretty damn clear that my other projects and ventures have taken me far...

 
 
 

Comments


© 2023 by Walkaway. Proudly created with Wix.com

Website and Video Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person such as myself or entity responsible for loss or damages resulting from the content or general advice provided here by FXCORRELATOR.com, it's employees, directors or fellow members. Futures, options & spot currency trading have large potential rewards, but also carry large potential risk. You must be aware of all the risks & be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy or Sell futures, forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits/losses similar to those discussed in any material on this website. The past performance of any trading system or strategy is not necessarily indicative of future results. Any information, news, research, analysis, prices, or other analysis contained on this website is provided as general market commentary & does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Copyright@2018 FXCORRELATOR.COM 

  • Facebook Black Round
  • Google+ - Black Circle
  • Twitter Black Round
bottom of page