another false breakout, to get punters excited and then selldown again.
not to lose monies, stay out of GBP pairs.
Reason: Funds are stealthily accumulating British bluechips. E.g. A china fund just announced having bought a sizeable chunk of BP. As you know there are quite a lot of energy, resources bluechips on FTSE. Every uptick in GBP is sold into, making UK bluechips a good buy.
The SWF are out there mopping up US Banks, and UK energies.
UK Darling is now in China. Be careful.
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