Well so the old market adage goes. The pound continues to look very weak and susceptible to further falls and until we start seeing decent 100/150 pip bounces, there seems little point in trying to pick the bottom. Plus, if EUR/GBP breaks above .8050, we could see some of the bigger macro players start to take their positions off. Looks like the best trade of the year was to stop myself out at 1.6530! Pity I wasn’t clever enough to go short.
