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Goldman Sees a ‘Big Finish’ for Brexit, Opportunity in the Pound

From bnnbloomberg.ca

Britain’s pound presents the biggest opportunity within developed-market currencies with a probable break-the-Brexit logjam moment coming soon, according to Goldman Sachs Group Inc. “We’re coming to a big finish here,” Zach Pandl, Goldman’s co-head of global foreign exchange and emerging market strategy, said on Bloomberg Television after the U.K. Parliament again rejected all alternatives to Prime Minister Theresa May’s unloved deal to leave the European Union. “We do think we’re making progress despite these failed votes.” Instead of a prolonged stalemate or a chaotic no-deal scenario, Pandl said a soft Brexit ... (full story)

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  • Category: Fundamental Analysis