Hope you're having a great holiday season!!
Fundamentally, the GBP (and the Eur to a lesser degree) should be much stronger against the $ then they are now. Being that it's the holiday season, there are several reasons for that not to be happening now and trying to time when they'll start getting stronger is tricky, but I believe at some point in the not so distant future, they will. There's just too much fundamental data for them not to.
You just have to be ready to trade. I know that I would prefer for everyone to take a holiday until after the new year, but that's not likely to happen. The only reason I can see for the $ to be supported at all is that energy prices have edged up, but if the rumored diversification out of the $ should continue or if energy prices should top out for a week or two...I really think the $ will get hit hard.
Stay ready.
Fundamentally, the GBP (and the Eur to a lesser degree) should be much stronger against the $ then they are now. Being that it's the holiday season, there are several reasons for that not to be happening now and trying to time when they'll start getting stronger is tricky, but I believe at some point in the not so distant future, they will. There's just too much fundamental data for them not to.
You just have to be ready to trade. I know that I would prefer for everyone to take a holiday until after the new year, but that's not likely to happen. The only reason I can see for the $ to be supported at all is that energy prices have edged up, but if the rumored diversification out of the $ should continue or if energy prices should top out for a week or two...I really think the $ will get hit hard.
Stay ready.