Disliked{quote} I find it hard to believe they want a weak pound nobody will go on holidayIgnored
Weak pound is good for the economy.
Dollar is safe heaven currency.
Bears waited for this since last summer. Very overdue.
Looking at the weekly chart, there is so much space left to reach lower 130 - 129 so on. Just zoom out, can you see three triangles, last one is forming.
All depends of dollar behaviour and Feds agenda, no surprice if they decide to weaken dollar, they can.
Anything can happen and trend can reverse.