imo sterling strength/ USD weakness has opened up a great opp to get short vs the USD. Also, technically £YEN looks like it has some 400pips of downside in it available if the BOE do ease and weaken the currency (130.5). Shorting GBP$ at 1.33 opens up 250pips of easy downside profit assume the BOE deliver 25bps and 50bn of QE (the consensus) - £Yen at 1.35 opens...
