Bloomberg with some commentary from an anlyst at Jeffries
- The news flow is far from over, the market is still short and any good news sees violent pops, which is met by selling from a very skeptical investor base
- GBP "remains relatively untradeable at the moment, but I think the preference in the market is to hammer rallies still."
Bloomberg add from UBS, also finding it difficult to trade:
- Staying out of the pound in the short-term may be the best strategy
Huh.
Its cold, difficult and dirty work, but someone's gotta do it :-D