Hey everyone. I'd like to find out everyone's opinion on why they think the GBP weakens with most POSITIVE announcements.
I believe because of Great Britain (London) being a major financial exporter while France, the United States, and Japan are major financial importers, the Pound Sterling within the Eurozone, U.S., and Japanese markets helps boost those currencies against the GBP when positive announcements are released.
What do you guys/gals think?