LTG GoldRock Reviews: The fact remains right now Scotland is still part of the UK and the UK is highly likely going to have an interest rate rise in the next 6 – 9 months. Yes, the independence vote could de rail that if Scotland votes on September 18th for independence and we need to watch what happens but did you see the bounce the Pound received in the past 24 hours?
Why did the buyers come for it again? Nothing substantial fundamentally, the UK Government seem to be offering to smoke the peace pips with the Scots and trying to convince them to stay but from what my charts show me, we are about to enter a potentially very large rally higher on the Weekly Chart. We are about to enter Wave #5 which technically matches up perfectly with the potential for an interest rate increase. Add to this a vote by the Scots to stay part of the UK and a fast and furious rise is not out of the question before the end of September.
No comments:
Post a Comment