I'll spare you the Macro rant and just say the this GBPSGD trade looks like a potential lucrative way to play the divergent themes between Europe and Asia right now. The .5 fib is just above the most recent highs. All the technicals are there. I'm starting small and will ride this as far it goes.
From the WSJ -
Singapore’s export-dependent economy faltered in the last quarter, recording its sharpest quarterly decline in growth in nearly three years, as its manufacturing sector took a sharp hit from falling overseas demand.
Early estimates released on Tuesday showed the tiny nation’s economy, a bellwether for global economic health, contracted an annualized 4.6% in the second quarter from the preceding quarter. The contraction was the worst since the third quarter of 2012 and reversed from 4.2% growth in the first three months of the year.
From the WSJ -
Singapore’s export-dependent economy faltered in the last quarter, recording its sharpest quarterly decline in growth in nearly three years, as its manufacturing sector took a sharp hit from falling overseas demand.
Early estimates released on Tuesday showed the tiny nation’s economy, a bellwether for global economic health, contracted an annualized 4.6% in the second quarter from the preceding quarter. The contraction was the worst since the third quarter of 2012 and reversed from 4.2% growth in the first three months of the year.