Analysis & Commentary

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Weeks of weakening and the sterling shakedown of October 6 means that the United Kingdom has suddenly gotten a lot cheaper for outsiders and will get quite a bit more expensive for residents.  The designed-element of GBP devaluation is, in one part, ...

On October 6, around 7pm New York time, the British Pound lost 6.3% value in three minutes (though recovered to being only down 4.8%). While the direct spark is uncertain, the resulting damage is likely due to the low liquidity ...

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