The Pound vs The Government

With the recent UK monetary response I started to get the sense that an emergency rate decision may be taken that will strengthen the pound.

I will explore this deeper in a blog post but I wanted to get it on the record here, including the current timeline of when the position was opened along with my thoughts as we progress.

Options expire Dec 21st @ 3pm.

Trade ist aktiv:

Seen some positive movement over the last couple days, looks like the low is in currently however there is still massive downtrend pressure on higher time frames so we could just be making a lower high.

Daily updates continue at traders-rucksack. We have a long way to go until Nov decision, just hoping price can stay within range of the break even point on the Options to still capitalise on any move.

Kommentar:

Tax cut u-turn is very positive for the trade. Pound hasn't made a huge jump in response but it is now trading higher.