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Hi @ben_wilson-powell, I've written before that just such a scenario is very possible, the rationale being that the GBP low post referendum was calculated in advance by large speculators who were assuming Brexit meant Brexit and the rallies off the lows were a response to the idea of a negotiated separation. The realisation of a no-deal Brexit could mean a return to the original supposition though much has occurred since the referendum such as the idea that WTO trade rules could be applied that may lessen the impact of a no-deal Brexit decision.

Caseynotes. I just came across this Forum and looked at your resistance posts earlier. I was pretty long The Dow and SPX and read your potential resistance at 25510. Just to say thanks for the work as i dumped the position this evening as we spiked on that test. It looks like you called that very well.