Resumption of Brexit bear move

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Was the recent recovery for the GBP a dead cat bounce? Recent IMF downgrades and the significant reduction in investment added to an increasing inflation rate make this a very difficult time for the UK. The new government has added a Brexit ministry and a international trade minister showing that they are committed to enforce the recent referendum result. A significant drop towards parity for the cable is a real possibility. I am short at 1:3097