Sterling's losses are not simply a product of thin liquidity or panic. Both main political parties are in disarray just when strong leadership is needed. The rough projection pre-vote of what could happen on Brexit suggests $1.20-$!.2750.
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Tag Archive: Jo Cox
FX Weekly Preview: It is All about Europe
Major data this week:
German Constitutional Court ruling on OMT.
UK referendum.
EMU flash PMI.
ECB TLTRO II launch.
Yellen testifies before Congress, RBI Rajan to step down in early Sept.
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Weekly Speculative Postion: After Jo Cox Speculators Bought Sterling Futures with Both Hands
In the days ahead of the murder of Jo Cox, a UK member of parliament, apparently for her support for remaining in the EU, speculators in the futures market scooped up sterling. While last week, speculators took long dollar positions against CHF, this barometer shifted this week towards long CHF.
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FX Daily, June 17: Martyrdom of Cox Acts as Catharsis
The assassination of Jo Cox, a member of the UK parliament is a personal
and political tragedy. Her needless death provided an inflection
point. The suspension of the referendum campaigns and a steady stream of reports and speech...
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How Germany Could Upset Europe before UK Referendum
The assassination of the Jo Cox has broken the powerful momentum in the markets. Investors recognize that the tragedy potentially injects a new element into consideration for the outcome of next week’s referendum. The campaigns will be resume over the weekend, and new polls will be available. Investors will place more weight on polls conducted …
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