Pound under attack as debt worries grow

[Jog On]

My trades currently open:

EUR/CAD - short - 1.4332
NZD/USD - short - 0.6972
AUD/USD - short - 0.8962


Not a £ in site

[Olly]

Arghhhhhh just paid for my German course today and go to sort out rent tomorrow....GBP > EUR

Sniffffffff sniff.

I've actually given up converting, I just say to myself 1 euro is a pound.
Makes eating out less fun though

[Jog On]

My trades currently open:

EUR/CAD - short - 1.4332
NZD/USD - short - 0.6972
AUD/USD - short - 0.8962


Not a £ in site

That was a tidy one

[TimberWolf]

Does the UK banking system do anything in the background when the currency slides too quickly? By buying Guilts, Bonds, currency or some-such?

[DimPrawn]

Does the UK banking system do anything in the background when the currency slides too quickly? By buying Guilts, Bonds, currency or some-such?

I think the UK banking system is too busy paying itself massive bonuses to care.

[TimberWolf]

I think the UK banking system is too busy paying itself massive bonuses to care.

Wasn't it in the news this morning that one bank is going to pay out more in bonuses than it made profit?

[TimberWolf]

Wasn't it in the news this morning that one bank is going to pay out more in bonuses than it made profit?

Ah, it was a few days old news that I saw: RBS paid £1.3bn bonuses on profit of just £1bn

[SantaClaus]

My trades currently open:

EUR/CAD - short - 1.4332
NZD/USD - short - 0.6972
AUD/USD - short - 0.8962


Not a £ in site

That's a scary looking wick on the aussie and kiwi 4hr candles.
Hope you took some profit.

[TimberWolf]

That's a scary looking wick on the aussie and kiwi 4hr candles.

WHS

[Jog On]

That's a scary looking wick on the aussie and kiwi 4hr candles.
Hope you took some profit.

I’m still in – they’re both ranging around where I entered and +/- 20 or so pips either side. I took them because of the trend lines on the 4H and 1D

They’re swing trades so they might take a few days to come good (if at all). I use stops of around 100 pips and profit targets of around 200 (2:1 risk reward ratio always)

Still if they do tank the profit from EUR/CAD will still make it a good start to the week