GBPUSD
Brexit Watch!
And what the Fund Managers, Portfolio Managers and Asset Managers ""think""
AMP Capital Investors
Brexit Watch!
And what the Fund Managers, Portfolio Managers and Asset Managers ""think""
AMP Capital Investors
- “It’s a mess -- in a world of turmoil Brexit has become a bit of comic relief, it’s like a British comedy,” “It’s more than two years now since the Brexit vote and most of that time leaders have taken to arguing among themselves”
- The pound may fall to $1.20 as the vote delay has increased the uncertainty over Brexit
- “I’ll say stay away for now. It’s just too hard to trade the pound. You can’t really trade it on technicals because it’s driven by political announcements that flip and flop”, said Shane Oliver, head of investment strategy at the Sydney-based asset manager
BlueBay Asset Management LLP
- “We are now at a crisis point, the U.K. is now in a very difficult situation,”
- BlueBay is shorting both the pound and gilts on the basis that gilts will also be weighed in the medium term by factors including currency-induced inflation and slowing growth
- The EU is unlikely to re-open withdrawal agreement negotiations and the current deal won’t get through Parliament, said Bathgate, who sees the pound heading back to 2016 lows, according to portfolio manager Mark Bathgate
But PASR traders don't care what they "think" - whatever they do, PASR traders will FOLLOW in their footsteps.
15 YEARS OF PASR ON FOREX FACTORY!
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