Has Sterling found a new equilibrium?
​The charts suggest that Sterling has massive resistance to any attempt to recover against the Dollar, but at the same time short and medium-term bear targets have been met. So a period of equilibrium is likely albeit with a good deal of volatility.
The fundamentals are suggest that a vacuum that currently exists concerning the final arrangements of "BREXIT" so rumour and counter rumour are likely to dominate. In that case the current level of Sterling represents a limited correction and in all probability it will make new multi year lows.
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