Friday, Jan 15, 2010
More Goldman frontrunning?
Telegraph: Sterling to enjoy rally against dollar, Goldman predicts
"The prospect of the Bank of England raising interest rates will help drive sterling up to $1.85 in three months, according to strategists at Goldman Sachs. " Surely this is nonsense? I thought most analysts thought the dollar will appreciate against sterling during the election campaign?
Posted by tpbeta @ 01:18 PM (1191 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. righttoleech said...
Goldman are obviously running positions that would benefit from dollar weakness.
2. bystander said...
still waiting for $250 a barrel oil, as predicted by Government Sachs last year. They are a bunch of chancers and spivs, who only have the upper hand, because they are the hand that feeds them - ie. the US government. T0$$ers.
3. Pickle said...
And arent "most analysts" usually wrong?
4. financial planner said...
Telegraph: Sterling to enjoy rally against dollar, Goldman predicts
Thus sell £ and buy $ ie the opposite of what they put out!
5. Chris said...
Yes talking their book wanting the market to long the pound so they can hit it on the head again, but getting the punters to push it up for them
6. This comment has been removed as it was found to be in breach of our Blog Policies.