Tips & Ideas 

Sterling smashed

I am a bear on the sterling/US dollar rate, says Matt Shaw at www.financialtrading.co

The dollar is gaining upon expectations that the Fed will reduce its money printing efforts, even though I think it will be forced into more of the same in due course. For now, I am looking for the pound to weaken against the dollar to below $1.50, with a prime target at $1.4975.

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