Good news on Brexit will be the catalyst for the pounds success although at this point English bank want to see the pound out of this undervalued place. In June 2016 the UK voted to leave the EU, David Cameron stepped down and a cloud of uncertainty with bolts of fear and panic was cast over the UK . This is significant since this is the first time the pair dropped below 1.42945 and could not find support. I. The Bank of England indicated on the 1st of November that there could be a faster pace of interest rate increases if the UK manages a smooth exit from the European Union. Weather there is an smooth exit or not it does not matter. What is important here is the price of the pound. The pound completed a double top after 80 days. The Bank Of England making an announcement when the price is where we started the last rally 1.26995 is no coincidence. Sellers were getting out the Banks had all there buy limits in and at this point just added a little fuel to the fire. Getting retail traders on board and creating a bullish sentiment in the pound. What we need to see now is not optimism of the banks but continuous positive sentiment with Brexit and stability. I look forward to the Brexit facade ending and the pound returning to its high ground. Look to buy above 1.313100 here the pound has the potential to move 500 pips.