Hi, as the GBP will most probably weaken throughout 2008, I would like to place a long term trade going short on the GBP against another major currency. Anyone have any views about which currency would be best to pair this with?
Thanks
from every indication expecially the inflation rate, GBP might be going down in the first quarter of 2008.
i’m no expert (i only trade GBPUSD) but if you believe GBP is going to struggle next year especially the first half (I agree) then you’re looking to pair it against a strong economy/ currency. I would suggest maybe AUD, economy is stabile, new govt should give economy an added boost, it benefits from a healthy chinese economy which i expect will continue in the short term leading up to and post olympics.
I would check out your own technical analysis on it, don’t take my word for it.