Dislikedu dont understand basic economics and how markets work, inflation is the predominate concern now, cutting rates will not stimluate the growth here as much, credit crunch started by the banks they in trouble rest of economy doing ok, BoE provided liquidity fund for banks in trouble leaving them to concentrate on inflation as said by BoEs Besley yesterday, useen food and petrol costs, UK resigned to a healthly decrease in excess capacity, nothing wrong with that... at the moment UK has highest level of employment in years, BoE has to target inflation and with rising food and energy costs cant see how they going to meet their mandate of 2% inflation in coming months... either way cable been stuck in a range for the last 3 months awaiting clear direction and no economist hardly ever comes to an agreement, they all have different views on markets as we do!Ignored
that is, to speculate how main players react to fundamentals, and follow
the chart accrodingly, and not analyze markets.
Leave fundamentals to the main players and concentrate on how
it plays out on the chart. But most retail traders don't even know
that they are speculators and not traders in the real sense.
We are just betting with our brokers on will cable go up or down?