Notwithstanding the merit of reaching a trade truce once again, one wonders if the market got ahead of itself by over-selling funding currencies the likes of the Japanese Yen and the Swiss Franc, both destroyed, alongside a considerable loss of value by the US Dollar as well, although to a lesser degree. The truth is that the partial trade deal between the US and China barely scratches the surface on what's still a rather ambiguous and limited trade accord of intent. The Pound's volatility, meanwhile, represents a whole different ball game, as the high-stakes EU-UK Summit later this week approaches amid optimism that ... (full story)