GBP British Pound and Fed Rate

Discussion in 'Financial Futures' started by rock34748, Sep 16, 2008.

  1. Anyone trade GBP future? Curious if it "should" be down in range of 1.770 and downward by now? Seems to be holding well considering no rate cut. Thoughts?
     
  2. OK more in line now 3:58PM EST 1.7702
     
  3. It's off 25 big figures in 2 months, so not really a surprise it's holding in there. The dollar is pretty overbought, after all.
     
  4. Only looking for 1.762 hits overnight or tom. Who knows after that. I'm way too new at this to predict. It was pure fun with sim trading, now it's fun but more nerve racking. Especially this week.
     
  5. I expect more dollar strength going forward (perhaps even 1.27 EUR) but it could take a year or more. You're totally correct. The quick move is over.