JackOfGold
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Does anyone out there have any idea why the Pound Sterling is range bound at low levels against the dollar.For a while now the Pound:US rate has been US$1.74.To me the pound is undervalued as I think it should be worth around US$1.70 especially given the recent Euro/dollar moves to US$1.22.
By next week Friday 14th April I expect the following:
£:US$ should not be less than US$1.70
Euro/dollar should not be less than US$1.25
US$/Rand should not be more than ZAR5.99
Meanwhile by the end of this month gold should be around US$605.
Current rates are £:US$ 1.749 ; Euro/dollar 1.217 ; US$/rand 6.07 and gold is at US$593.85. :!:
By next week Friday 14th April I expect the following:
£:US$ should not be less than US$1.70
Euro/dollar should not be less than US$1.25
US$/Rand should not be more than ZAR5.99
Meanwhile by the end of this month gold should be around US$605.
Current rates are £:US$ 1.749 ; Euro/dollar 1.217 ; US$/rand 6.07 and gold is at US$593.85. :!: