Remember when it was at 1.37 and the whole world thought Britain was going bankrupt?
http://www.telegraph.co.uk/comment/columnists/iainmartin/4295219/Gordon-Brown-brings-Britain-to-the-edge-of-bankruptcy.html
I highlighted that story and said:
The play on this headline? I would also take a look at the pound, which looks like it made a key reversal against the dollar today, and at $1.37, is worth a look.
None of these Central Bankers do anything in a vacuum.
http://aaronandmoses.blogspot.com/search?q=pound+1.37
So you had the bottom in the pound, and the reversal of the dollar against the Euro at 1.47, advertised here.
http://aaronandmoses.blogspot.com/search?q=euro+1.47
Thrown in with the exact top in bonds!
http://aaronandmoses.blogspot.com/2009/01/new-years-resolution-sell-your.html
As advertised!
If I worked for a bank, I'd be putting my hand out for a bonus, with these "macro" calls.
And if I was a banker writing this blog, I'd be asking for clicks!
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