Quicken Posted August 12, 2011 Share Posted August 12, 2011 Hi all, I have been wondering about GBP versus USD currency movements. We both have ZIRP, they QE'd more than us, our credit rating is better, and supposedly we are a safe haven (I know, I know). Put another way, the US is in as much trouble as us. So why is the GBP roughly 20% down on the USD since July 2008? Any chance of a correction? Q Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted August 12, 2011 Share Posted August 12, 2011 I thought that before 2008 it was overpriced and had fallen to reflect it's long running true value against the dollar. Quote Link to comment Share on other sites More sharing options...
Quicken Posted August 12, 2011 Author Share Posted August 12, 2011 I thought that before 2008 it was overpriced and had fallen to reflect it's long running true value against the dollar. You're probably right. Unanimous votes so far for the bottom option. I was hoping a GBP bounce vs the dollar might produce a PM buying opportunity (I have none atm). Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.