Just an interesting little bit of context regarding the pound which seems to be undergoing it usual once a decade mid life crisis. As you can see from the chart below the drop last week is in many instances just an acceleration in an existing long term downtrend.
I posted this in the Mentor Program forum this morning and it is worth sharing because it represents my favourite style of price distribution. This one week relative performance is reminiscent of a smile and it indicates a series of movements that provide ample opportunity for traders. I accept that parts of equities markets are…Details