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Are we looking at the same chart? I see it go way up at the end to a level that only matches a few previous, short-lived spikes
by SilasX 4y ago
Are we looking at the same chart? I see it go way up at the end to a level that only matches a few previous, short-lived spikes
- rossdavidh 4y agoYes, but at the moment it's still within the range of the previous 5 years, which is not a long time period. If it continues spiking at the same rate for weeks longer, then yes it will be unusual. But the fact that you don't have to go back very far to see multiple examples of spikes of this size or greater, means that as of this point it isn't yet that unusual. If it keeps going for weeks at this rate, then it is a big deal, of course.
- disgruntledphd2 4y agoHmmm, I wonder what could have caused such volatility 5 or 6 years ago? I think that the last five years have been bad for sterling, and the last five days are a big part of that.