Friday, January 15, 2010

More Goldman frontrunning?

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 (1577 views)
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5 thoughts on “More Goldman frontrunning?

  • Goldman are obviously running positions that would benefit from dollar weakness.

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  • 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.

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  • And arent “most analysts” usually wrong?

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  • financial planner says:

    Telegraph: Sterling to enjoy rally against dollar, Goldman predicts

    Thus sell £ and buy $ ie the opposite of what they put out!

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  • 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

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