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I while back I ranked #3 for a search term (not that competitive a term but nice to have anyway). Since then I did some link swapping with a competitor of mine which I thought would benefit us both. About a month ago my site was replaced by the equivalent page on this competitors site. This effect has also been repeated across a number of other smaller search terms (the larger ones seem uneffected).
I've guessed that due to the linking, Google has assumed our sites are within the same 'network' and has deemed to only show one of them in the results.
What I've done since is completely delink the sites from the competitor hoping that this will reverse it.
My question is, do you think this situation is permanent or just temporary? I'm hoping it will go back to normal again after the next back link update but am not convinced.
Any advice/views greatfully received.