It's easier to be a pound bull when so many traders are massively bearish.
Shorting crude and buying yen both look like 'crowded trades.'
Bank of England's Carney gives indications repercussions weren't as bad as expected.

Intermediate Trade: FXB Real Money Pro($)

Consider a short put spread in this British pound ETF.
It just keeps getting weaker.
Stops are based on maximum risk tolerance; profit taking can be, too.
BOJ stimulus speculation is heating up amid a selloff in the currency.
The Bank of England and politics could push sterling even lower.
The level of fiscal stimulus from the U.S. is huge, and that's bullish.
A bullish flag pattern projects the dollar index to fly higher.

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