British pound spikes higher after UK PM Theresa May surprises markets

The United Kingdom's PM Theresa May unexpectedly called for a general election in June. Just prior to the announcement the pound declined before moving sharply higher once the content was known. More uncertainty is welcome in this case, since a hard break with the European Union had been assumed in recent weeks.

Now let's jump on the topic of Forex Trading. The world of currencies is filled with monsters of all shapes and sizes, but for the most part, they're huge, scary, and unpredictable. The author's argument has always been that trading Forex as a retail investor (small or large) is little more than gambling unless it's employed as some sort of hedging strategy. Central Banks can be unpredictable too, subject to the whims of political parties or out of necessary in the face of developing situations (think of the day that wiped out many retail investors and also some exchanges when the Swiss Central Bank unexpectedly abandoned the Franc's peg to the Euro back in early days of 2015).

The ability to trade 24 hours / day can be appealing, but for the most part, Forex traders can do little more than hope and pray that an unexpected monster doesn't rise up to take them by surprise.

Read about the Pound's spike in the article below
http://www.telegraph.co.uk/business/2017/04/18/pound-touches-three-week-high-against-us-dollar-ftse-100-suffers/