Pound Update.

I was checking through the Yahoo! currencies on USD/TWD rates and it seems that the British Pound is already trading under 46 on current trading. That seems much less expensive than in the past few years. But does it represent a buying opportunity?

Weak Pound?

The pound used to trade at about NT$68-69 for quite a while. Currently it’s trading at about 46.5~47. But this report is interesting and suggests further weakness: “Sterling’s slide against the dollar has further to go, says Matt Shaw at www.fixedoddssuccess.com. A retest of $1.45 followed by a further thrust to $1.40 by the end…