Disliked{quote} Hola, your view is somehow Positive news will come to make the structure fulfilled as it should be. As currently, there is nothing that convincing to Buy £. For this reason, many times even bad news doesn't trigger a fall, cause the big guys are already buying to form the market structure, so, on every rejection, they kept buying at a lower price. Thus, rejection to go lower occurs.Ignored
How about if Liz is gone by next week..
Do you think market will get back the confidence with GBP.
Currently UK, is paying higher price for borrowing, it can't sustain, unless market have the confidence back.
Liz hold they key, the pressure is mounting. (Maybe by Halloween she's gone)
Secondly look how bad is UST.
UK is one of the biggest holder of UST.
I Think, Bailey is selling it and start buy Gilts to support the GBP.
I come from the future.
3