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GB POUND

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GENERAL OVERVIEW OF GB POUND MARKET

ISSUE DATE: MAY 15, 2006

Having reached HEC, GBP should fall to IC2 and either:

  • trade in a narrow range between IC1 & IC2 to target 2 or a little higher at the IC1 June 12 junction, or 
  • break down through IC2 and into IC3 to finish at target 1. from target 1 a further fall to target 3 would be likely.
In general terms, the C lines are the medium term target even if they are not reached on the target 3 date. 

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