USD Outlook (cable) - Forex

Sounds like you have no idea what you're doing. Trump has said explicitly many times that he wants to devalue the USD vs other currencies as a means to make our exports cheaper and boost domestic industry. A country's currency isn't some sort of power ranking where the "stronger" the leader is the more the currency goes up. It's about trade balances and relative interest rates and a bunch of other factors. Your position may go up, but don't mistake that for you outsmarting the FX market.

I have basically said I have no idea what I'm doing hence I've just sat with it. Whoever said I was trying to outsmart the 'market' I don;t trade, I just hav a feeling and will exit if it hits a certain price, I was asking for opinions on it from people who know what they are doing. The fact that it's strengthened over the last year, albeit with alot of variance must mean something with regards to Trump/Elon's inlfluence otherwise why else is it in better shape than before, and why would it strengthen in the run up to inaug if he wants to devlaue it. Also our Gov destoyring our economy has helped, as it did when Truss tanked the eocnomy and the £ plummeted. It sounds like you don;t know what your'e talking about yourself imo. I also get its not pegged to just Trump/Labour etc, and understand fundamentals of int rates and other factors.

In what way does it not sound like I know what I'm talking about?

The dollar has done well against other currencies in the last year mostly because we've kept interest rates higher than people expected, while other countries have engaged in more rate cuts. The economy being hot and inflation being elevated over the last year (the reasons the Fed has kept rates higher than expected) have had nothing to do with Trump or Elon.

You def don’t know what you’re talking about because specifically wrt GBPUSD in the UK we haven’t cut rates here, until after every cut made by the USA - we mimic the USA and copy them, we have followed suit only after USA cut rates which is why both countries have higher int rates than say the EU.

So you seem to admit you were wrong about Trump and Elon being the reason for strength in the dollar over the last year. At least that's something. I don't keep a close eye on your gay economy, but my impression is that inflation fears have been the primary driver to rising gilts while productivity has been weak, whereas US treasuries have risen due to not just inflation fears but also a stronger-than-expected economy, and that latter aspect would favor the dollar versus the pound. Anyway, I'm not a forex trader, and obviously neither are you, and no one on this board is capable of providing any alpha in forex trading, and you seem like a jerk despite being an ignoramus, so I'm pretty much done with this thread.

He's always arrogant and condescending. Prob should just put on ignore and maybe try the trading thread for 2024

Thanks yeh can see 😀

If you knew where Cable was going, any buy or sell-side shop would pay you $10m+ a year.

My guess is lower.