The market went against the pound (so the most relevant reflection of an economy on the international stage) since the referendum. The market believes,therefore, more into the drawbacks of the Britain exit from the EU. It also projects possible trading activity, that simple rises the prices even more up and a domestic behaviour, that attributes into the same. So the market has largery increased the price of another currencies, when denominated in or against the pound.
Stated upon the said, the market has expected a lot of continuation of the trend that started and of their expectations. Not a reversal. Well, a sign for one have had just happened, but about that for now, little later on. For an instance, it could been created through an increasal of interest rates in the economy. This might be stirred up by the activity of a central bank, when it decides about the interest rates it dominates and controlls, in its monopoly position over the supply of aggregate amounts of money mechanism. Well, it has not happened.
The strategist think differently from the masses and the ratio has remained in the same position, as been put before. Bulls (those who expected continuation of the increasing trend etc.) must had just got discouraged and shaken in their positions - as a trading activity says, the trade goes and if there is a raise of price, there is a raise of positions, well, not for so sure now, anymore. Some decisions tend to be a key sign and nowadays, the sings for the Brits were more negative, as positive - thou. problematicaly, it is a matter of opinion.
One of the opinions are of the drawbacks of exit, the other on its benefits, mainly said to be aggregate and macroeconomical. Well, by the todays decision, the macroeconomists might had agreed and vast majority of people, who follow the /art-of-today opinions of Brexit, might discover, that it turns into a Brixit and will account to be a brExist, even after what happened and maybe with a way better trajectory for Britains, as ever before.
More is to come
