Pound outsmarted banks

GBP/USD’s rally may look paradoxical, but in fact it doesn’t.

When something looks paradoxical, it means you aren’t aware of all the details. BofA Merrill Lynch asserts that the pound’s fluctuations at Forex are neurotic at best and incomprehensible at worst. The pound has been requalified as the developing market’s currency once and for all. Brexit made it a mirror of Great Britain’s small and shrinking economy. In fact, GBP/USD can’t be growing for many reasons: London and Brussels’ talks about Brexit ended in deadlock; the British GDP lost 20% in April; the government debt exceeded the size of the…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>