Coming back to pound not because we missed the movements and instability of the British currency, but simply because its surge today couldn’t help but attract our attention. After all, we were hoping for some growth, but it seems that for GBP everything is coming together: there is the decline in the USD performance and there is Brexit optimism which is elevating the currency to the newest levels in weeks.

So, as you can see the surge was pretty strong until the reversal came along. And here is where it gets interesting: is it reversal as in permanent thing or is it a retirement which can be easily overlooked and will be gone soon? Here is where the market makers cannot reach common ground. Some say that the fall of the greenback and delayed Brexit are doing a huge favor to pound by putting more of the trade optimism in our outlook on it. Of course, this might be just calm before the storm, but I can’t say that the recent climb is making me nervous. If anything it gives me hope.

Ten days ago pound reached the highest point in 5 months. Ever since then we have been trying to catch its momentum but once again and hoped for the comeback. Today we have a glimpse of that. Should we try and catch up to the growth? Probably, if you are not afraid of the possible volatility that might come soon.

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