GBPUSD: HIGH RISK BUT GOOD R/R

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The best performing currency last week was sterling, which traded above 1.31 on the back of less dovish comments from Bank of England monetary policy committee member Forbes. At a speech in London she said the initial Brexit impact was less than expected and she's not yet convinced that more loosening will be needed. Forbes believes the BoE may be overcounting Brexit-uncertainty effect and with faster inflation, current data may lead to upgraded forecasts. Bank of England Governor Carney also spoke but he did not touch on the economy or monetary policy. Sterling tends to experience greater volatility than other currencies and the pressure on the dollar has allowed GBP to enjoy slightly stronger gains. To later, next technical updates...

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Stop out of the last 1/3 position, but we closed the strategy in gain.