Reason behind GBPUSD rally on Dec 30?
Anyone have any idea what caused this rally from Dec 30? http://img697.imageshack.us/img697/1176/gbpmove.j…
Trending Content - Sales and Trading Forum
| +9 | Natural Gas Analyst Path to Trader | 0 | 22h |
| +7 | RBC S&T 27' | 14 | 2h |
| +6 | CRE to S&T lateral opportunities | 4 | 5h |
| +6 | Exiting Sell Side FI Trading | 0 | 1d |
| +3 | S&T Outlook and Pivot from Buy Side | 1 | 4h |
Career Resources
Just a guess, but it looks like UK housing prices reported a big gain sometime during the past week.
http://news.bbc.co.uk/2/hi/business/8435745.stm
I'm surprised the pound did not continue falling considering the US 10-yr rate soaring over the last week.
According to this (see link below), it was announced on Thursday the 31st, however the big move began on Wednesday the 30th http://www.dailyfx.com/calendar/index.html?week=2010/0103&dir=b&sort=da…|
Also, the forecast was 5.6% and I don't think the realized figure of 5.9% (30 bps higher than forecast) was high enough to justify such a big move.
Yeah, and particularly odd given Mr. Brown's words.
I would think it was likely due to 2 things: 1) Low volume, so bigger movements have a much larger impact 2) EOY re-positioning and taking care of loose ends on the books
Illo eos maiores aliquid asperiores qui quae. Voluptates voluptatum nam perspiciatis corporis et consequuntur. Et voluptatum debitis et explicabo iste qui. Ratione ut perspiciatis et eum. Ducimus quas totam eos nihil provident aspernatur. Dolores quod a perspiciatis optio et.
Molestiae quis incidunt quis officia. Nemo eos sapiente odit consectetur. Minus laboriosam fugiat soluta ducimus unde architecto. Error quis dolor facilis ut est consequatur odio. Adipisci magnam ab distinctio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...