Hello friends,
I would like to point out the recent scandal in another manipulation of the exchange rates. This time the Bank of England has been caught. You can read the full new by following the link: http://www.bbc.co.uk/news/business-26450643
Obviously the people involved will try to be aside for some time and other investors are aware of the situation. The overall viewing can be resume in high profits due to an artificial appreciation of this currency with other pairs. The mayor investors will close their buying position and the GBP will go to bearish, this is going to have also side effects in the USD/CHF that will increase its rate. But the first reaction is going to be a decrease in the GBP/USD and an increase in the pair EUR/GBP.
So sell GBP against other stronger currencies and you will get some awsome profits.
Good luck traders!!!
I would like to point out the recent scandal in another manipulation of the exchange rates. This time the Bank of England has been caught. You can read the full new by following the link: http://www.bbc.co.uk/news/business-26450643
Obviously the people involved will try to be aside for some time and other investors are aware of the situation. The overall viewing can be resume in high profits due to an artificial appreciation of this currency with other pairs. The mayor investors will close their buying position and the GBP will go to bearish, this is going to have also side effects in the USD/CHF that will increase its rate. But the first reaction is going to be a decrease in the GBP/USD and an increase in the pair EUR/GBP.
So sell GBP against other stronger currencies and you will get some awsome profits.
Good luck traders!!!