The UK is just like many other western countries, the fascist politicians forced outsourcing and manufacturing to China, the UK population went into opening shops in Ebay/Amazon and this today is where much of the revenue comes from. I bought cable at this level last year and got laughed at some what..
Clearly from those outside the UK who don't understand basic economics.
The Keynesian's seem to think they can control free market's which if looked at carefully we can see socialistic behavior, history never teaches people two fundamentals, one/ the human mind can never be trapped, two/ socialism itself is a failed ideology.. that being said guys/girls.. these bankers still feel they can control "free markets" .. Well.. cash in on these people. In order for the tax revenue in the UK to remain the same as the previous year the UK need a strong currency against the dollar to buy products to sell through their channels. This is very easy play, start with a small position, goes down another 100/200 pips, double up !! Goes down another 100/200.. double again. Take profit is 1.57 ... this level is when we also add shorts.
After the FED and BoE speeches I'll read into and will then post my trades as i enter them live.
We have to wait on these speeches, its important to make sure the fundamentals haven't changed.