If the Pound is down tomorrow by 3PM get out of position, but believe it has bottomed short term. Possibly, the Euro and Pound are stabilizing which is why gold sold off today. For us gringos, gold hit record highs in the Euro and Pound, so a sell off in relation to those currencies is in the cards.
The Pound, as measured by the FXB, was down 1.39%
Gold, as measured by GLD, was down 2.71%
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