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  • The pound is a ‘screaming buy’ if it falls to $1.30, strategist says

    From cnbc.com

    A near-term fall in the British pound would offer investors a clear buying opportunity, according to one strategist, who said the currency was set to get a boost next year as a result of the U.K. leaving the European Union. Manish Singh, chief investment officer at Crossbridge Capital, said on Thursday that the “benefits from Brexit (are) going to accrue over (the) medium-term.” He expects the pound this year to hold at its current level against the dollar (around $1.3626 at the time of writing) or head to $1.40, “but not beyond that, and if it gets to $1.30, then it’s a screaming buy.” Singh told CNBC’s ... (full story)

Why not just push it there, by the time it falls to 1.32/31, you are going to write again that Pounds is falling and may likely reach 1.25
lol more like its been a buy and will continue to be.
My yearly pivot at 1.2918 is a screaming buy.
Cheers.
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gbpusd has been in an up trend since april last year and is up 5% this year already, what is this man going on about lol
Quoting WhipKream
lol more like its been a buy and will continue to be.
https://nationalinterest.org/blog/re...ll-soon-176374

Something to consider...
From what I understand, Brexit was completed Dec 31 only because financial services talks were shelved until this week. UK gdp is heavy with financial services, and these talks, imo, will potentially impact sterling in a big way. Waiting for more info...
The UK's GDP will probably shrink 4.6% year on year due to COVID, so a Brexit impact of 4.6% over 15 years is pretty negligible. The next question you have to ask is how accurate is a 15 year forecast in today's turbulent world? What assumptions are being used? The real giveaway is the research centre looks to be funded by the EU.
Quoting hosemaster
{quote} https://nationalinterest.org/blog/re...ll-soon-176374 Something to consider...
i would be more concerned with the effect the dollar has. overall brexit is a positive imo, as banking and finance regulations will allow more investment both from and into the UK. but i see the concern.
Quoting Steamroller
The real giveaway is the research centre looks to be funded by the EU.
"The Real GiveAway"?
Suggesting what by innuendo? That research funded by EU is unreliable? Its way too late for partisan bias.

The UK is out. A thin and EU-advantageous FTA in goods, has been negotiated subject to UKs continued alignment with multiple EU NTBs and the important issues of Financial Services concessions largely now for EU to determine over the next 6 months. Our focus here as investors and traders is to determine the economic implications, or rather the extent of the damage to UK economy and GDP growth going forward, irrespective of political or partisan bias. And where relevant, to connect this with future medium/long term trends in Sterling. .
Have you checked out the commentary?
https://ukandeu.ac.uk/the-uk-economy-brexit-vs-covid-19/

*** Research is actually Funded by the Economic and Social Research Council (ESRC),
The ESRC is funded by UKRI - a non-departmental public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS)
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  • Story Stats
  • Posted: Jan 14, 2021 10:57am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 9  /  Views: 2,051