Seeking Alpha

Forex Gump

Forex Gump
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • 10 Things I Hate About the Pound [View instapost]
    Maybe the reason why BOE policymakers are often unanimous with their decisions is that they are still in a “wait-and-see” mode. It’s like during times of tragedy when people tend to band together and have one goal in mind. After all, their economy barely made it out of the recession during the fourth quarter so they might as well stick with their current monetary policy until more convincing signs of recovery show up.

    In contrast, the euro zone has already seen a couple of quarters of economic growth, particularly from its top economies, which is probably why their central bank is in a better position to consider adopting more aggressive policies. This could explain the rift between Trichet and Weber. Besides, we could be comparing apples to oranges here. Unlike the BOE which is just focused on one economy, the ECB has to take all the different economies in the euro zone into consideration.

    But, I agree, the pound would probably worse off if the BOE policymakers don’t see eye-to-eye. If you remember a couple of weeks ago, the BOE’s MPC was split on their decision on whether or not to add to their asset purchase facility. Seeing as how their economy continues to struggle, we could more division in the next MPC meeting and we’ll find out how the pound fares then.
    Feb 23, 2010. 11:01 PM | Likes Like |Link to Comment
  • Choose the Best Roulette System in the World [View instapost]
    Something commentable.
    Sep 21, 2009. 06:21 PM | Likes Like |Link to Comment