The British pound fell initially during the week but then rallied rather significantly. More importantly, we broke above the 1.3650 level, which was the scene of a massive gap lower after the vote to move away from the European Union. Because of this, I think that the market will continue to find buyers on dips, and we will finish the week higher. Longer-term, I suspect that this market is going to go looking towards the 1.45 handle above.
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