Drastic Turn in Sterling, ECB, BoE, RBA, NFP, ISM... Featured This Week
There was an 180 degrees turn on the sentiment on Sterling last week as the pound rebounded strongly across the board. There are a couple of reasons behind the strength in Sterling ahead of BoE meeting, including comments from George Soros that he's not betting against the pound anyway, as well ass rebound in bank stocks following unexpected rise in UK mortgage approvals. But after all, the reasons were not too fundamentally sound as the UK economy is still in deepening recession. IMF forecasts the UK economy to contract by -2.6% this year, worst in G7. BoE is also widely expected to cut rates again by 50bps this week to 1.00%, closer to ZIRP. (read more..)
p/s : nampak gayanya dari segi fundamental pun..selari dengan analisis di bawah...adakah satu kebetulan atau pun saje2 jer...samo2 kito tunggu dah lihat
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