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And Another Thing...
This column comes with a warning as I am getting increasingly grumpy with attitudes to FX market price action. You clearly can't please everyone, but how can someone complain - as they did to me this week - that what we have seen in sterling this week was "the wrong kind of volatility"? Luckily I have this column to let off steam so let's do that - with a take down of the model that has turned FX traders into glorified brokers.

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