RE: Pound Forecast19 May 2025 10:37
Poundf run an interesting algorithm - I take it with a pinch of salt though as I've said before I run a spreadsheet with their data scraped in, then plot actuals by day and month. It's there or thereabouts apart from when grenades are thrown into the market place. The comment I made below was from my trading view plotting, strangely after I'd posted I went back to Poundf - I had plotted much the same numbers - If only I was good at programming. Anyways it's as Timsmith said 'Its a fun thing, I don’t take it seriously'.
"The £8.00 barrier is neither here nor there, except in our heads. Looking at the graph from the 7th April onwards the trajectory up has been quite steep, there's been no 'public' news to alter the view as far as retail investors are concerned, we're not far off being on a parr with the before liberation day, quite the recovery. Plotting the lows and highs 7th April to 16th May the lines cross friday 25th May at 838.4 - ready to be shot down but unless something changes I'm staying positive that the rally will continue"