GBP/USD BREXIT DOWN-SPIKE
Amazingly, Britain has voted to leave the EU, bringing the anticipated down-spike in the security (and the world-wide markets). What happens next? Answer: Nothing. All the trade agreements and border controls remain the same for at least the next two years. Nothing - except the uncertainty as to the future. As the British Pound was already undervalued, there should, in the next few days, be a partial recovery from the down-spike, followed by a crawl back into my yellow box.
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