GBPUSD
A good new year for 2014.
A good year for the pound. Ever since it overrun above 1.56 it has not look back and now it has hit above 1.65! A good 1000 pips run.
2 main reasons for the run - a better than expected and confidence in the US market and the UK market.
The Fed has mentioned to ease quality easing - an indication that the market is on the road of recovery. Market confidence is as hown by Consumer confidence - PMI reach 78!
BoE has indicated a raise of interest rate earlier before 2016 - an indication that the market is doing well. In fact UK has signs of improving consumer confidence as house prices rise and the job market recovers.
So the question is how high and when to enter a buy?
Thursday, January 02, 2014
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