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Old 02-05-2004, 02:41 PM
The Actuary The Actuary is offline
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Default Bank Of England raised rates-sell the Euro and Sterling

Wait till the open tomorrow and buy back a month from now with hefty profits.

Two consecutive rate hikes in <100days, with the dollar depreciating between them,
spells the end of the free falling dollar, at least vs the above two.

historically this trade has produced nice profits.
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Old 02-05-2004, 05:46 PM
bazanster2 bazanster2 is offline
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Default RE: Bank Of England raised rates-sell the Euro and Sterling

It would seem to me, that by the Bank Of England raising interest rates by .25% that would attract
investors to the Sterling. It's my understanding that the European Central Bank left interest rates unchanged
due to their economic conditions( 9 million unemployed in France and 8 million unemployed in Germany).
The odds are against the European Central Bank raising interest rates in the next 6 months.
The US Federal Reserve may raise rates before then.
With this scenario, would think that the Sterling apprecaites against both the Greenback and the Euro.
While, the Dollar if rates are increased, could appreciate against the Euro.

I'm not sure exactly what kind of trade your suggesting here. Could you please clarify this?

thanks,

baz
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Old 02-06-2004, 11:48 AM
The Actuary The Actuary is offline
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Default RE:Bank Of England raised rates-sell the Euro and Sterling

Baz ck your PM's,
copyrighted material, so I would rather not post it,
but Pm'ed it instead.


The suggested trade is to short the pound vs the dollar.
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Old 02-06-2004, 05:31 PM
BuzzRavanaugh BuzzRavanaugh is offline
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Default RE:Bank Of England raised rates-sell the Euro and Sterling

Nice play already.
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