There's the bottom! The Great British Pound (following its BREXIT plunge) rises from here. However, for the next few months, the old bottom becomes the new top, perhaps.
Comments
hemcav
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Hi there, what TP and SL you looking at with this Long?
KrunchieKilleen
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My reasoning was this: the BREXIT referendum changes nothing. There are no changes until notice is served by Britain on the EU and negotiations ensue, with 2 years to agree (minimal) trading and monetary changes. However, what I did not foresee, after the initial down-spike, is the flight of capital from GBP. What happens next? A recession caused by NOTHING YET, or a flow-back of capital as advantage is taken of the lower prices?