The pound has seen another sharp kick lower 4 April
Further to my previous post we’ve now seen another tumble for the pound.
Still no headlines to justify it and the UK construction PMI data, if leaked, wouldn’t cause such a move so I’m guessing it’s either a second round of programmed trades or early European desks smelling a bit of blood after the earlier move. Either way the move to the downside is once again the faster and shows an inherent weakness/vulnerability that I bang on about frequently.