Perfidious Albion at its best. Masters of the sleights, duplicity, treachery and infidelity in alliance of deception. Albion has called game 6. I have double scissors. Lets see.
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Above is a Max decline envisaged.
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Ned to see 1.401 to confirm bias
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Exit Long at 1.41 and wait patiently for 03/02/2018
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Watch 1.3611 at the end of the time period shown in main window
Everything else will go down the drains
The UK's first Sharia-compliant RMBS was announced on Monday, offering investors Triple A paper backed by home finance products marked by key differences from typical residential mortgages. - IFR*
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Testing Water Here
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Second small short order at 1.430 added
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BOE has secured a long term sink in EU industrial military complex. £ will continue to appreciate against US$. Likely in wide range but inching higher. Masters of deviant art.
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Britain is for sure one of the most consumer/services dependent economies within the G20 and if rate hikes (towards what was once ordinarily accepted as normal) are to be truly effective, then there will need to be many more of them. In any case, such action is unlikely to drive the pound high enough to offset the damage that could be inflicted on the economy, and the consumer, not to mention the negative effect it could have on the housing market and the debt burden there.
Brexit issue adds to uncertainty and is hampering the CBE (BOE) ability to act firmly enough domestically and more importantly - the foundations that were set to ensure £ presence in money markets are crumbling away. The balance sheet is shrinking and so is the loan book and so is the exchange rate.
"When you've played the dirt long enough, you can tell how it's gonna fall."
The UK's first Sharia-compliant RMBS was announced on Monday, offering investors Triple A paper backed by home finance products marked by key differences from typical residential mortgages. - IFR*