Unfortunately what iv learned over the years is market is about perception rather than facts...fundamentals may point out uk has high inflation/no wage growth/high public n government debt/a housing market that hasn't really corrected...but perception is that it's more likely to raise interest rates before euro n possibly USA too...retail is 85% short on pound...pound has been in a monthly pennant for ages now, a false break up to 1.7 kills the shorts, convinces the longs and hey presto when tapering is announced, probably march at earliest (why taper in jan/feb with debt ceiling unresolved) then the market can fall over again...
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The Market pays you to be disciplined
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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fortis fortuna adiuvat
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The Market pays you to be disciplined
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fortis fortuna adiuvat
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