- Last at 0.8662. Looks like breaking downside of triangle now.
- Given large size of both short EUR and GBP positions, unable to bring myself to flip to long GBP. So still short both but weightings changed.
- To actually go outright short EUR/GBP and retain same book size would require me to run a humongous concentrated short EUR position. Not prepared to do that now.
- Recall I used to have a much bigger short EUR than GBP and flipped that around. What an ill-advised move. Now back to square one with 300-odd pips of dropped P&L in between (and sterling pips too!).
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