It doesn't worth selling pounds on raising

Last week, the focus was on the British pound. It became under pressure after the announcement of the British Prime Minister Theresa on May Oct. 2 about the beginning of Brexit in April 2017. At the same time the UK has no plans to put the interests of the financial sector at the heart of the negotiations with Brussels. The statement by the President of France on the hard approach to the UK from the European Union exit added even more negativism. Even the status of the British pound as the world's reserve currency may be questioned.
Most notable was the flash crash of the pound on the night from Thursday to Friday. Within two minutes the pair GBP/USD fell by 6% to 1.1841, which is a minimum for thirty years. On some trading sections the British pound fell to $ 1.1378. Soon after that, the decline was partly purchased. There are several versions of what happened. Most likely, this was due to the actions of hedge funds or trading robots.
Currently, there are no buyers of the pound. It is necessary to recognize and understand that fact. The pair is best to be left in peace, if the short positions are already closed. If the sale is still open, you can keep them, since it is likely the reduce to be repeated to this year lows.