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British Pound: Not So Ugly? Not So Fast …

Posted on Wednesday, July 16th, 2008 | In Current Market News
Contributed by: Jack Crooks (http://blogs.moneyandmarkets.com/blog/currency-corner) -

British Pound: Not So Ugly? Not So Fast …

A quick look at the British pound versus the US dollar and you’ve got to be thinking the pound looks like a good buy. And maybe, versus the buck, it is.

British pound versus US dollar:

 

But here’s series of charts that tell us investors are taking into account the miserable UK fundamentals. It’s just that US fundamentals can’t seem to improve at all …

British pound versus the Australian dollar:

 

British pound versus the Japanese yen:

British pound versus the euro:

 

British pound versus the Swiss franc:

 

Financial markets are getting messy. There may be some British pound trade opportunities to consider.

Regards,

Jack & JR

Last 5 posts by Jack Crooks

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About Jack Crooks (http://blogs.moneyandmarkets.com/blog/currency-corner)

John (Jack) Crooks is the founder and president of Black Swan Capital, an independent advisory firm specializing in foreign exchange and currency markets investing for retail and institutional clients. A seasoned financial advisory with nearly 20 years of investment experience, Mr. Crooks uses both quantitative and qualitative approaches to determine the fundamental driving force(s) behind the movement of the currency, capital, and commodities markets. He is the editor of Weiss Research’s latest investment offerings, World Currency Alert and World Currency Options, which were launched in August 2007.

Mr. Crooks also founded Ross International Asset Management, a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. Previously, he was general manager of Plexus Trading, where he specialized in currency futures and commodities trading. During his successful career, Mr. Crooks served as chief currency and futures strategist of M2 Futures Inc., an investment boutique headquartered in Chicago, as well as vice president of Global Strategic Research for an international investment boutique, where he was responsible for providing daily advice and global strategy analysis.

Prior to entering the investment arena, Mr. Crooks held various corporate finance positions. He has written extensively on the subject of global currencies and international economics and has been published in Asian Times, Futures Magazine, Barron’s, Bloomberg, Dow Jones Newswire, and across many financial websites. He has also appeared on Bloomberg TV and CNBC.

Mr. Crooks holds a bachelor’s degree in finance from Florida State University and a master’s in business administration from the University of North Texas.

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