The cold feet trade is back on
Buying GBP/USD at this time last week when England was losing 1-0 to Wales was one of the best trades of the year.
Why risk staying long through the vote when you can take an 800 pip profit now?
That might be the message from the now-300 pip swandive from the highs today.
The important technical takeaway is that we're back below the May highs.
