Quite simple actually, if the pound is strong, it takes less pounds to buy oil where as if the pound is weak it takes more pounds to buy oil, again quite simple.

Cable Update (GBPUSD)

No worries, lets put our heads together and make the best out if this.......I am with you 1000%

Cable Update (GBPUSD)

LOW — I call a low at 1.9418, with the first high that has to be broken is 1.9536

Cable Update (GBPUSD)

Okay, NEO!!!!!!!.........

Cable Update (GBPUSD)

Good one, there is one being I know that is everywhere at once and trust me it's not you...............

Cable Update (GBPUSD)

yes it will, don't worry. you will be okay!!!!.

Cable Update (GBPUSD)

Did you read the part about money management??.......

Cable Update (GBPUSD)

I agree, but remember, no statement will be issued if there is no rate change. Thats how the BOE works, only if they increase or decrease the rates then there will be an accompanying statement.

Cable Update (GBPUSD)

It is WHACK!! but the whackness will end before the week is over......

Cable Update (GBPUSD)

All we have to do is wait, hold our positions and wait. We should be practicing good money management in any case, just to be prepared incase all hell breaks loose. I am well prepared to absorb this and can even go lower. We are all used to making ...

Cable Update (GBPUSD)

If that happens we can see the pound weakness come to a end for the short term, which would be lovely since I am long...........

Cable Update (GBPUSD)

NICE!!!.........

Cable Update (GBPUSD)

good one

Cable Update (GBPUSD)

Dont worry Sal, I didnt go anywhere. I'll be up at 4am est to trade the beloved CABLE!!!

Cable Update (GBPUSD)

If they left rates the same, then no statement is issued by the central bank. They must cut rates or raise rates in order for a statement to be issued.

Cable Update (GBPUSD)

The most volatile market will range 200 pips for the next few weeks?? I beg to differ!!

Cable Update (GBPUSD)

I'm seeing higher highs already!!......and not on a low time frame either!!

Cable Update (GBPUSD)

You wont regret, time will tell.

Cable Update (GBPUSD)

Yes, I'm in total agreement. No signal of a hike for the next few quarters!!!!!!!!!!!

Cable Update (GBPUSD)

Economic growth over the next few quarters should be BAD!!! In a word............ DOVISH!!!

Cable Update (GBPUSD)