GBPUSD and May’s BREXIT Speech

The 'Big Money' sold the GBPUSD heavily in anticipation of a UK vote for BREXIT leading to continued weakness, but the FTSE 100 immediately rallied on the following day - much to the chagrin of all those doom-sayers! Rising share prices reflect an expectation of higher future earnings and thus increased dividends; the implication being … Continue reading GBPUSD and May’s BREXIT Speech