The EU in the form of Michel Barnier made a comment about giving the UK a spcial Brexit deal and the market spiked. This was last week and today is this week. As so often what seemed like great news last week in the cold light of day turns out to be nothing more than what had already been said and yesterday he rubbed some salt into the wound by rubbising the Chequers proposal.
This is another example of how FX works as it frequently entices people into the market only to cause them maximum pain at a later date. |
