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MSE News: UK economy out of recession – just
Comments
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10:05 26Jan10 GBP/USD: Talk of Very Good Size UK Clearer After UK Q4 GDP Data
London, January 26.
[We] have been told that a UK clearer has sold a cumulatively estimated yard of cable since the 09:30GMT unveiling of the disappointing 0.1% UK Q4 2009 GDP growth number (<TGM42331>). This flow has helped depress GBP/USD by more than three-quarters-of-a-cent to its 1.6120 intra-day low.
Sterling bear targets include 1.6090 (yesterday"s low) and 1.6072. The latter
level is a 61.8% Fibo retracement point of the ascent from 1.5832 (Dec 30 low) to 1.6459 (Jan 12 high). 1.6077 was last Friday"s low.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
that 0.1% could always be revised downwards or even upwards in the coming months - despite reading about conspiracy theories and printing money bla, bla, bla - it is good news never the less.
I think you'll find the offical GDP figures are the 'conspiracy' not people who are trying to tell you exactly how they are fudged.
If your actually beleive them, you have finally proved yourself to be a crackpot.0 -
They say its +0.1 but could be revised by up to 0.2 either way - so it might actually be negative, neutral or up - thats not telling us anything!!! When do we get a confirmed figure?0
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Hello
Has something happened :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
p.s. I saved up for this post, it's my 2000 post, barely seems worth it to be honest.
Happy 2000th post and Happy Australia Day too.Chances of this being revised down???? :eek:
Presumably 50:50. The last few revisions have been upward but I've never seen anything to suggest that the 'first print' of GDP figures is normally low.
My belief has always been that you ain't out of a recession until real GDP is back to peak. Nobody agrees with me though so I wouldn't take it too seriously.0 -
0
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Hello
Has something happened :eek:
Apparently you're all saved because something was estimated to have changed by 1/1,000th over a three month period. Or not of course, such is the nature of debate on this board.
More importantly, chucky may (or may not) be a grandfather. We should be told.
Stay tuned to the forum for news of future vital incremental changes and intergenerational confirmation..0 -
good point well made - i think my conspiracy theory of Princess Di living in Zanzibar with Elvis could be a winner too.I think you'll find the offical GDP figures are the 'conspiracy' not people who are trying to tell you exactly how they are fudged.
If your actually beleive them, you have finally proved yourself to be a crackpot.
i'm seeing a trend here though - if all of these numbers are fiddled when they were positive.
how accurate where they when they were negative?0 -
inspector_monkfish wrote: »10:05 26Jan10 GBP/USD: Talk of Very Good Size UK Clearer After UK Q4 GDP Data
London, January 26.
[We] have been told that a UK clearer has sold a cumulatively estimated yard of cable since the 09:30GMT unveiling of the disappointing 0.1% UK Q4 2009 GDP growth number (<TGM42331>). This flow has helped depress GBP/USD by more than three-quarters-of-a-cent to its 1.6120 intra-day low.
Sterling bear targets include 1.6090 (yesterday"s low) and 1.6072. The latter
level is a 61.8% Fibo retracement point of the ascent from 1.5832 (Dec 30 low) to 1.6459 (Jan 12 high). 1.6077 was last Friday"s low.
Can we have the Generali translation service onto this post, I don't know what it's talking about. Thank you.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0
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