Xenocurrency

The pound spiked higher across the board during the morning London session, thanks to a leaked draft of the future relationship between the U.K. and the E.U., which included plans for a free-trade deal.

The safe-haven yen was in demand during the session, thanks to the risk-off vibes. The yen only finished in second place, however, since the yen was easily outclassed by the Kiwi.

The Aussie was the one currency to rule them, likely because of the risk-friendly vibes in Europe. The pound, meanwhile, got a severe beating across the board, thanks to the growing Brexit-related fears.

Recency bias negatively affects the way a forex trader analyzes the market, as it clouds his judgment and damages his decision-making skills. Here’s how you can avoid it.