Hi everyone once again i would like to leave my comment here to share with all of you, i was observing more than a couple of week about GBP/USD . so far there is nothing drastic change even that will drive up GBP or vise versa,, it just usual trend up and down.. .. by the way,, i really hope GBP will going up until at 1.5200 level than will down as usually..

so.. right now.. i am really glad to leave my comment here to share with you all. that the GBP was going down sharply until 1.4779 this is first time in my life trade GBP/USD and never expected GBP will down at that level.
i think it's because declaration was made by Mr.Mervin King last week that GBP in recession, and never take drastic action to recover up Cable, and BOE not change interest rate. another causes which GBP down is, another second banker was bail out debt UK Governmnet. so its clearly seem that the first Bank its not enought to take over bail out. And also no news for GBP for a couple of weeks that UK was out in inflation.

After waiting for so long time,, now for sure,, that the GBP will going down, at least 1.50 level.. and that for sure.. no more rise up for GBP,
for a couple of days and respectively no news for GBP to stepping up, how badly GBP was injured at this moment.

So after a few news such as,
1) consumer confidence in US fall.
2) New home sales fall sharply.
3) So hard to get job according to the public./ Unemployment in US rise than expected.
That all matters are complete enough to make cable rise up until 1.6+ level for next coming week. but for end of this week, cable may go up till 1.5680 or more, because europe and asian trading is compleltely differ, by the way cable may go up, is the most important thing for uk public.

Rising house prices have not stopped Americans from worrying about their jobs and wages.
The Conference Board’s Consumer Confidence Index slumped by 11 points to 46 for February, its lowest number for ten months, as the number of people reporting that jobs were “hard to get” increased and the number expecting an improvement in the job market declined.
Lynn Franco, director of the Conference Board’s reseach centre, said that worries about jobs would have a knock-on effect on how much consumers spent — a significant driver of economic growth.
The Standard & Poor’s/Case-Shiller index of home prices in 20 American cities was up by a seasonally adjusted 0.3 per cent month-on-month in December, although prices were still down by 3.1 per cent, year-on-year.

I really dont know why and what happen to cable, does it to difficult for it to climb up after stepping down more than 800 pips,, so what else BOE may do for UK ,, whether remain in recession, or inflation going down again and again,,, because as far as i knew UK goverment and public has done everything to support, it's not good enough for cable to go up. while another currency step up, just only cable going down... maybe the interest rate BOE should be lower than current. so i think everything will be okay. may help cable keep going up until 1.6 + level.. that's all public wanna see.

GBP will be stepping down after mortgage approval result, so UK remain in recession condition.. maybe untill 1.53+ level.

The excess of spending over revenue last month was $42.6 billion, narrower than the deficit of $63.5 billion in January 2009, the Treasury Department said today in Washington. Spending fell 14.4 percent for the month as financial rescue programs wound down, and revenue declined 9.2 percent.
The gap will probably swell to a record $1.6 trillion during the fiscal year ending Sept. 30, the Obama administration predicted Feb. 1. The Treasury’s resources are under strain from the loss of 8.4 million jobs since December 2007, spending on economic stimulus programs, wars in Afghanistan and Iraq, and health-care costs.

The British arm of Reader’s Digest filed for administration today and put 117 jobs at risk, after than 70 years on the bookstands.
The magazine's US parent company, Reader's Digest Association, said it was no longer able to support the British edition following the UK Pensions Regulator’s decision not to give the green light to plans to fund its deficit.
Now 117 employees in London and Swindon may lose their jobs although the administrators said the company is continuing to trade for the time being.

The news pushed the benchmark 10-year gilt yield down from just over 4pc to 3.916pc, as economists scrambled to delay their forecasts for the earliest month in which the Bank is likely to raise interest rates. The Bank's Monetary Policy Committee voted last week to pause the QE programme, through which it has bought about £200bn of government bonds with newly-created money. However, the Bank's Governor, Mervyn King said: "It is far too soon to conclude that no more purchases will be needed. The Committee will keep its options open, and further purchases will be made if they prove necessary to keep inflation on track to meet the target in the medium term."