Wowe, seems like Mr C will have his way from the off, but it’s a bit of an over reaction surely, epecially with the ECB chasing hard on their heels in a moment.
GBPUSD has been smashed down to 1.5104 from 1.5260 while EURGBP has taken out the strong resistance at 0.8600 to post 0.8615.
I’ve sold EURGBP at 0.8604
Add: re EURGBP.. to clarify, I still had small long balances from lower down as has been consistent with my recent range trading reccos here but have now gone small short believing this to have been an over reaction. We’ll see soon enough when Mr Draghi steps to the rostrum.
