 points hike, Bank of Canada 75 basis point hike, you know, Reserve Bank of Australia 25 hike in July and 15 August, Swiss National Bank 25 hike. You know what I mean? They've got numbers and you're thinking to yourself, well, they're all hiking, right? Where is the where is the divergence? Where, what else can we look towards? The underlying, I guess one of the divergences that you could look for is how much they're hiking by and how long they're going to be hiking. Yeah. And, you know, when those hikes are potentially looking to tail off, right? So, for example, as an example, you know, the Bank of England, it says narrowly expected 50 basis point hike in August followed by a 25 basis point hike in September, right? So, if you're looking at that from a, from a perspective of maybe some sort of a curve, it's like, okay, we're doing expecting a, oh, sorry, one second, red, we're expecting maybe a big hike and then it's starting to tail off. Whereas you're seeing something like the Reserve Bank of Australia are looking to maybe hike a little at the beginning and then a bigger one, you know, in August, right? So, when one starts to trail off and one starts to actually increase, yeah, that's known as a bit of a convergence trade. So, you want to be buying the Australian dollar and selling the pound, right? That's pretty much what that is. There's that type of divergence or convergence, but also you're looking at this economically, right? So, recession talk, right? Everyone's focusing and the narrative is like the U.S. are going into recession, the U.S. are going into recession, which it's anything as possible, but I still think, and I've discussed this, you know, week in, week out, but I do think that the U.S. is still the best of the worst, especially when it comes to, you know, Europe, right? And the UK, yeah? So, that as far as the GDP and the economy is something that you must be aware of, right? You must, must, must, must, must be aware of. And that is going to be, I think, the edge, yeah? Between, you know, buying and selling or going long or going short on a currency. The U.S. at the moment is the currency or the economy that is, I think, best placed to weather the storm and potentially avoid the recession, whereas, you know, the UK and Europe, I think are likely to go into some sort of recession, whether they do or don't, I don't know, but remember, we're buying the rumor, right? So, that's why, you know, I've been, you know, my bias has been to short pound dollar and short euro dollar, and it's been like that for, you know, a few months, right? Also remember that although central banks are hiking and this again ties back into different economic differentials, who is hiking into weakness or unsupported hikes? So unsupported hikes is pretty much in order for you, in order for the currency to really appreciate, yeah? You really have to have economic growth, right? So you have to have, you know, GDP growing to support rate hikes. And I do advise you to watch maybe last week or the week before the group call, if you haven't watched those already, you should be really watching all the videos in the channel, don't skip any videos because there's so much information in those channels, you know, when I kind of go over this, but you want to have, you know, interest rates be supported by GDP and GDP growth, right? Because obviously high inflation above that 2% target. Now, if you have, and we currently do have a situation where GDP is potentially doing this, yeah, is contracting and potentially heading into a recession, but they're still hiking interest rates, the currency is not going to be as, appreciate as much if at all, because the market is probably trying to maybe factor in the price in the fact that hiking interest rates, when you don't have a growing economy could actually push you into a recession quicker, yeah? So that's where the market is actually, what the market is thinking about, rather than just it's being simply, well, you know, they're hiking interest rates and everyone knows their interest rates, you know, appreciates the currency. There's a difference between, you know, what they're not saying, yeah, is that GDP has to support that, then that's great for a currency, right? Brilliant, fantastic, because they can support the interest rates, it's not going to cause them to go into a recession, but if the economy is already struggling and they're hiking interest rates and inflation is, you know, 10% for example, yeah? That is actually not, and what is known as a dovish hike, I think, I think maybe that's what would be called a dovish hike, but it's a hike that isn't as strong as, you know, would be if the economy was growing, yeah? So it's a hike and it's a weak hike, which means that maybe in the short term, you might see some sort of short-term boost, but remember the market's already priced that hike in by the time they do hike and is looking forward to see if, well, what's going on with what the economy, right? Is that going to push, is that hike right now going to push that currency into a recession? So that's why you might find, and you probably are likely to find that, although Europe are hiking rates in the pound and Bank of England are hiking rates, it's not really having the effect of appreciating that currency, yeah? It's not, you know, the pound dollar isn't going to reverse, you know, five, six, 700 pips. It might do, I don't know, but it's unlikely to simply because the pair that it's up against the UK, we're against the, you know, the pound, I'm sorry, the UK against the pound, the UK against the dollar and the US, the US, you know, is the stronger out of the two. Why would you want to be buying the pound and potentially going into a recession? And recessions typically last on average, they say two years, right? Historically, not saying it will, you might have a double dip recession where it goes in, then goes out, and then goes in, then goes out, again, who knows? But the point is, is that that is what the theme is going forward, right? And that's, you know, keep that in mind when making your trading decisions.