I was analyzing the main catalysts that have caused the recent fall of the pound... and these are the ones that occurred to me. First, many investors thought that the United Kingdom was going to normalize its monetary policy at the same pace as the Fed. That did not happen... which caused capital to move from the pound to the dollar. Second, the fear of Brexit has reappeared, even in small doses... and that has also pushed a little bit into the market. Third, several influential financial analysts have been insisting that the pound is overvalued, and that has also moved the waters. The pound has gone down hard enough for only these three factors to explain it. Does anyone have in mind any other logical catalyst that could have pushed retail or institutional investors to move tabs? I mean objective reasons, beyond price feedback, which always commands. "We don't have to fear a bubble... until it starts to explode."