Market talk only today. Yen and Pound pairs (most of them) largely consolidated today, after large swings day before, but then everybody can see it by him/herself, so why waste time? My trades, at least the ones posted here were mixed. EUR-GBP short was closed at a loss. I took 51 pips loss and placed another [...]

These are words of famous investor Jim Rogers. They pertain to situation in UK. When asked about the reasons behind economic decline in Great Britain he said: “It’s simple, the UK has nothing to sell.” This is why we are witnessing this fantastic collapse of Pound. Two mainstays of GBP support have been North Sea oil [...]

The beast, GBP-JPY, has been receiving frequent mention on these pages, so it is only fitting I also note this. This pair has just suffered an ultimate ignominy, an all time low. Price reached as low as 125.20, but it is likely to deepen it by the time this post is written. Pound fell hard, [...]