Dollar strengthened against the Pound

MattyUSA

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Hi

About a week ago we saw the GBP/USD reach around 2.11. I was flabergasted it got this high but then all indications suggested it'd weaken further.

Then it tanked to its curent value of around 2.05.

I was curious as to why it might have done this and in such a quick fashion. It dropped from 2.11 to 2.07 in less than a day if I recall.

Does anyone have any thoughts? What was behind it? Was there some report I missed?

Regards,
Matt
 
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