GBP May Bounce, but Wait until After Scotland to Trade
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – GBPUSD: The critical question is nonetheless simple: until we have the results of the highly-anticipated Scotland vote, there’s no telling where the GBP might go. We price out the probabilities on the Scotland vote based on derivatives pricing. And though a bounce does in fact seem likely, there is too much uncertainty to argue in favor of getting long before the result. We will update our sentiment-based forecasts once everything is said and done.
See next currency section:USDJPY - US Dollar Targets ¥110 versus Japanese Yen
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.