Lookout Below! Falling Pound � Part 2!--IFCN Wk 38 -Fri- Equity: $978.83 - forex leaning place

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The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Saturday, 30 August 2008

Lookout Below! Falling Pound � Part 2!--IFCN Wk 38 -Fri- Equity: $978.83

I was quite surprised at the action of the British pound last Friday. The falling to new lows after 2 weeks of waterfall action was an example of extreme weakness. This week's repeat of new lows shows incredibly weak action.
This week, the Gbp/Usd didn't fall as much, but this Friday it acted much like a

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