You could well be right. We can't even stay above 1.40 at the moment. I think after the FCA news there will definitely be a lot of profit taking because as you say there will then likely be a quiet spell of several months while they actually do the testing.
RE: If a re-rate is to come....................30 Apr 2023 19:38
"A share is withdrawn and trading suspended, pending any re-rate. That's my understanding.". That's not my understanding. You need some sort of real reason to suspend a share. Hoping for a re-rate is not a real reason.