The British Pound may have turned a corner and started a run south based on the blue line below and the commercial trader activity pointed at by the purple arrows. This year long trend line was broken by the dollar's sudden show of strength courtesy of yesterday's FED conflab. As the red and green lines on the plot below show, there are numerous lines of possible support for the Pound on its journey down. Maybe by the time it gets cheap again, Boris will open the place up for visitors from the States so y'all can come across the pond and enjoy our cool summers, warm ale and hot fish-n-chips.
Regards,
Douglas