Yesterday Sterling made an impressive drop and I expect this trend to continue at least till election results are out.

I few days ago I was reading an interesting commentary about how pound always drops starting about 2 weeks before elections, but as dollar traded last few days on back-foot(at least till Friday), cable just tagged along all with the other currencies leading by euro. But that has come to a sudden end.

That's why I left my GBP\USD short position open for the weekend hoping for a "big" opening gap when markets re-open on Sunday evening.


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