– Jane Foley is research director at Forex.com. The opinions expressed are her own.-
The Great Debate UK
Since 1982, cable has been contained by the 1985 low of GBP/USD1.0790 and the 2007 high of USD2.0798. The bulk of this time cable has remained within a narrower 1.40 to 1.80 trading range.
Currency buyers are suffering from King Lear's dilemma. Shakespeare's monarch could not decide which of his two ungrateful daughters was less awful. What looked like a bad deal from one, permission to stay with 50 knights, suddenly seemed attractive when her sister's alternative was a mere 25.
– Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. –
–Mark Bolsom is the Head of the UK Trading Desk at Travelex, the world’s largest non-bank FX payments specialist. The opinions expressed are his own.–