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The Future of the Pound

Type: Webinar

Expert: Joseph Trevisani, Chief Market Analyst at FX Solutions
Moderator: Maud Gilson
Start: Tue, Jan 27 2009, 17:00 GMT
End: Tue, Jan 27 2009, 17:45 GMT
Participants: 27 pre-registered participants

Summary:
The British Pound Sterling has suffered more from the financial crisis and recession than any other major currency.  From its high point of just over 2.1100 in November 2007 to its Friday close at 1.3812 the Sterling has lost 35% of its worth against the US Dollar. It has sustained similar losses against the Yen, 51%, the Euro 44%, and the Swiss Franc 36%. 

With the exception of the Yen crosses which were the beneficiary of the funding based carry trade and whose destruction in a welter of deleveraging repatriation and capital flight is a story apart from the general market, the Sterling has forfeited more value than any other industrial world currency.

The immediate economic and interest rate prospects can account for a large part of the market disenchantment with the Pound.  But there are also secondary concerns, the British sovereign debt outlook, the health of the banking system, the pending election and even the trading history of the Pound, which although not as quantifiable as interest rates or GDP add considerably to a Sterling trader's worries

Who is Joseph Trevisani?
Joseph Trevisani was speaker at the 1st ITC 2007 - Barcelona. Watch our event's coverage.

Prior to joining the online trading industry Mr. Trevisani worked at Credit Suisse for 12 years in New York and Singapore as an interbank currency trader and trading desk manager. Returning from Asia he managed the Asian Trading desk and was a proprietary trader for The Bank of Bermuda in Hamilton Bermuda. He has a Bachelor Degree and Masters in International Politics and Finance from Columbia University in New York City. He has been quoted in the Wall Street Journal, Reuters, Bloomberg, Dow Jones Newswires, the Chicago Tribune and Futures Magazine and has appeared on CNBC in New York and London as a currency analyst. He has written economic and currency analysis for SFO Magazine, FXstreet.com, Forex TV and the Aim Bulletin, and has spoken at many conferences and industry events.

Software instructions
HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions. With hotComm you will be able to hear our expert comments dissecting a trade while they show you the graphic resources and the steps they use in their daily trading. This is a fully collaborative tool, so don't hesitate, interaction will be the key to success, by sending your live questions to the experts.
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