GBP/USD, did someone remove the floor?
This is one of the reasons why I didn’t analyse the USD/GBP after Brexit and it was only a matter of time when something like this will happen. 662 pips slide in a matter of only 3 minutes was brutal last night, same as 530 pips return. I sow the move last night, but to be honest didn’t pay much attention on it. Who will trade something like this when you don’t have a clue what is going on, right!? I read today mostly in between the lines what was happend and why? Eamonn from forexlive.com wrote an article about views based on this move, you can read it there. I will still keep myself far away from the Pound in the future, will just follow from time to time.