The Bank of England or someone(thing) else is apparently trying to defend the British pound at 1.5 dollars. Does anyone have any insight as to whether this is happening or just a figment of my imagination? My suspicion is based on natural support levels which appear to be at lower levels and the CFTC commitment of traders data which is not quite at extremes accompanying previous bottoms.
Regards,
Douglas
British Pound Defence at 1.5 Dollars
Started by
Douglas
, Feb 02 2015 05:36 AM
1 reply to this topic
#2
4caster
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- Traders-Talk User
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Posted 03 February 2015 - 11:28 PM
The Bank of England or someone(thing) else is apparently trying to defend the British pound at 1.5 dollars. Does anyone have any insight as to whether this is happening or just a figment of my imagination? My suspicion is based on natural support levels which appear to be at lower levels and the CFTC commitment of traders data which is not quite at extremes accompanying previous bottoms.
Regards,
Douglas
Hi Douglas,
It's nice to see a fellow Brit on here. I'm from North Leigh, Oxon. It doesn't make sense to me why Cameron
wants to keep the pound at 1.50 and above. It hurts U.K. exports and tourism.
