strategist mark chandler is on the show to break down some of my more basic questions and how the f.x. market operates and some i'm more macro questions on f.x. on the economy now mark is the chief currency strategist at brown brothers harriman take a look at what he had to say. mark now your concious strategist right now the pound is that a five year high so can you tell me how you personally are trading based upon this data and basically are you along the pound and if so how do you put a position on in relation to the euro or the dollar. share i think that the sterling is strong i think because many people expect the u.k. central bank if the bank of england to be the first one of the major countries to raise interest rates so we've seen happening speculators have to chicago futures markets have really been amassing nearly a record large long position in sterling and because the u.k. is like the reason it's been before the u.s. or the e.c.b. or the japanese people are buying story against a range of currencies not just to give the dollar not just against the euro and i think it's problematic

how the f.x. market works and i kind of think no one really knows except maybe mark chandler is coming up and why currencies move the way they do and what impact all this has on the economy and our lives it's a lot of big questions but like i said my absolute favorite xstrata just mark chandler is on the show to break down some more basic questions and how the f.x. market operates and so my more macro questions on the economy now mark is the chief currency strategist at brown brothers harriman take a look at what he had to say. mark now your concious strategist right now the pound is that a five year high so can you tell me how you personally are trading based upon this data and basically are you along the pound and if so how do you put a position on in relation to the euro or the dollar a share i think the sterling is strong i think because many people expect the u.k. central bank if the bank of england to be the first one of the major countries to raise interest rates so we've seen happening speculator

f.x. markets especially difficult enjoy. two things are happening one is we're taking digital technology and integrating it into the basic infrastructure hardware of life and as that happens we're seeing more and more slow whether it's media flow or financial transactions shifting on to the internet and online systems a big part of this it word is the fact that we now have almost three billion people and rising on smartphones so we are losing to a world where it's not north america which is the biggest consumer market it's not it's not the european union it's big it's consumer market it's people and smartphones is the biggest consumer market and is having in theory a tremendous shift in both cash flows and the whole marketing presence of all sorts of activities and organisations so so it's this shift that comes with the integration of judicial technology into everyday life and it's it's not just online systems it's the integration of technology into hardware so we're seeing i call it the digital heartland if you you know i'm

f.x. markets especially difficult and joy. things are happening one is we're taking digital technology and integrating it into the basic infrastructure and hardware of life and as that happens we're seeing more and more slow whether it's media flow or financial transactions shifting on to the internet and online systems a big part of this that word is the fact that we now have almost three billion people and rising on smartphones so we are moving from a world where it's not north america which is the biggest consumer market it's not it's not the european union it's big it's consumer market it's people and smartphones is the biggest consumer market and is having a very traumatic shift in both cash flows and the whole marketing presence of all sorts of activities and organisations so so it's this shift that comes with the integration of kitchell technology into everyday life and it's it's not just online systems it's the integration of technology into hardware so we're seeing i call it the digital heartland if you you know it's