The gains were very shortlived, as we said may happen. Business investment data this morning has smashed the recent run of Sterling.
GBP/USD dropped from 1.5808 to 1.5529
GBP/EUR dropped from 1.1459 to 1.1280
Huges losses. This goes to show how short lived spikes may be. many of my clients who had their account open ready to use, made a quick decision this morning and bought at the best levels all year.
Those that have gambled have I'm afraid lost. Those that gambled but took protection with a Stop Loss Order at least limited their loss to manageable levels.
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