Australian (ASX) Stock Market Forum

parity

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    Could GBP vs. USD go to parity?

    I was looking at long term charts and when I looked at the monthly GBP/USD chart I noticed a rather disturbing pennant. The drop before the pennant starts around $2 and the pennant is around $1.50 which would give a target range around $1. Does anyone think this is likely? Mike.
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