August 19, 2008 |
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Early last month I assumed the Euro was at the time in a good position to resume its impulsive appreciation against the British pound. That judgment may have been a bit premature - but I still think big-picture fundamentals continue to support the scenario of sterling further losing ground versus the Euro ( as well as the US dollar ). Under certain circumstances I will have no hesitation to place heavy bets against the pound via the EUR/GBP - doing so actually for the 4th time since November
Filed under: Technical
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