I’ve said it a few times in recent days and I’ll say it again, it’s never too late to sell sterling! EUR/GBP is up at .8550 and cable is making fresh lows below 1.5720. No point getting in the way of a bearish pound, that’s a costly lesson I learned many years ago.
My GBP/JPY short position is looking less irresponsible by the minute but I’m not out of trouble just yet.