Why isthe British Pound on fire in the FOREX market? -

For those who follow foreign currency, the British Pound has been on a tear and for the first time in modern history the Pound will double the value of the US$, currently it is at 1.9921 US$. I am not complaining of course, I made good money today going against the US in favor of the British but I was wondering: 1, Why has the GBP been on a tear? 2. When will the US fight back against the British? 3. How will this affect the Euro as the value of the US$ has hit an all-time low against the Euro? (1.35 US$) 4. How long should I keep shorting the US$ before the US finally decides to fight back against the British and the European market, and when it does, will the rally be juicy enough to start buying the dollar again? Using the Mtpredictor s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY amp; USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we ll straight away post the signals here in real-time if there s any triggered) 1 hour, 4 hours amp; daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency amp; timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..