- November 6, 2008
- Posted by: Ramki Ramakrishnan
- Category: GBP
I warned you folks about this chop in Sterling Pound . In just 40 minutes, Sterling had dipped from 1.5830 to 1.5720 and raced higher to 1.6020. What should one do in such a market? The most sensible thing to do is to go out for a snack. Why get involved in the middle of a deadly game? Wait to see if we get to 1.6450, and maybe sell a small amount there. If it goes down directly, well, nothing is lost. I always believe that money not lost is money gained. Enjoy your weekend. Ramki.