The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: FX markets were as dull as dirt until UK politics livened things up and Theresa May joined a somewhat crowded club of British prime ministers who resigned instead of losing their jobs in a general election.