/biz/ - Business & Finance

Is the relative strength of a currency correlated with rates? Rates up, strength up. With the fed, boe and ecb setting rates on different days can the direction be predicted with high certainty?

Would this work?
Day 1: Buy US equity
Day 2: Fed hikes
Day 3: Sell US equity and exchange back into GBP. Profit.
Day 4: BOE hikes, buy back US equity