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Week Ahead: Brexit: This Is Not A Drill - FX Markets Drivers & Views
The Brexit camp won the EU referendum triggering a violent risk off reaction. There should be three key drivers of FX price action from here. The first is a continuation of the GBP underperformance on the back of the initial selloff following portfolio outflows and earnings repatriation. While the outcome of the EU referendum is not legally binding, we expect the government to officially start the procedure of withdrawal from the EU. All this could push GBP another 7% lower from current levels in the near term and lower still over the longer-term. The second FX markets driver should be the political contagion from ... (full story)
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- Jun 26, 2016 6:13am Jun 26, 2016 6:13am
- Muntu
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- Ill-b-back
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Come with me if you want to live....
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Everyone can see the chart, but only a few can actually read it.
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Beware of robber banks (RB), bad advisors.