When a currency cannot rise on good news, it falls on bad news. The pound is suffering from the political pounding. Article 50 will be triggered in March, and the negotiations will be tough. Sterling shrugs off positive indicators in fear of the future. Cable fell to a 31-year low, and it could extend its falls. It will be interesting to see the extension into basically uncharted territory as the BOE considers its next steps.
Video focusing on the latest moves in pound/dollar:
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