NEWS / Foreign Exchange

In the EUR/GBP

I can now disclose I am holding a short EUR/GBP position opened on March 14th - targeting the lower half of 0.67 as an indicative profit objective. As I wrote in my today's letter to clients, either I will be taking profit below 0.6750, or I am not really interested in taking profit at all.

The bet is underleveraged, and I have no problem admitting a great deal of luck was actually responsible for the position's survival on early Monday.