HI team,
This is more straightforward chart analysis from your favourite Doc.
The GBP is at its lowest point against the dollar since 1985 - and we seen no immediate reprisal.
Expect changes once we get a new PM and subsequent statements - but with GS estimate for UK inflation to a possible 22%, poor management of at source energy provision and general wage decline - the pound is as weak as a grape in a fruit fight.
Looking for a small retracement before USD annoucement today which should see price drop again - making even more profit!
Always keep a SL - if it goes against us, I have still made you 30 x more than you'll lose.
Please like, comment, share, eh? Really helps me out and I love to hear from you!
Good luck, Trade safe
DrBEar