AUTOREFRESH 
EUR/GBP slips back
By Gerry Davies || March 4, 2010 at 09:53 GMT
|| 4 comments || Add comment
EUR/GBP is back at .9066 from .9083 as the cross runs into selling from Swiss names.
Gerry, who is flying out of the GBP/USD and why? There are still 2-1/2 hours left before the Gray Lady sings.
market seems to have convinced itself rates, QE on hold for time being, possibly till after general election. there doesn’t seem to be any fear Old Lady will upset the applecart, at least not today, which would kinda make a nice change. To be honest we’re not really doing much of anytihng. cable presently at 1.5085 is 10 points away from where it was when i got in. eur/usd even worse exactly where it was when i got in at 1.3675. no decernible trend, not from what i can see.
Union activists occupy finance ministry in Athens … http://www.google.com/hostednews/ap/article/ALeqM5iXUJvBknZVGqsBenIusBgBvWj5WQD9E7MD101
It is entirely possible that everyone is waiting for 13:30 GMT and the ECB’s press conference, which can be viewed live at this web address:
http://www.ecb.int/home/html/index.en.html
I would love to lay on another GBP/JPY short (if a currency could be a dog, then I vote for the March USD/JPY being a 5-year old, female, yellow laborador retriever, always sitting pertly in the back of a 5-year old, non-recalled, Honda hatchback), but the GBP/USD part of the equation went AWOL a little over 2 hours ago and probably isn’t going to calm down until the gentlemen of Frankfurt have exsanguinated every hedge fund east of NYC.