In: hive-exclusives | FX
Political Turbulence To Keep Pound Down
(2 min read)
The pound has had a torrid time over the past three months. It’s been the worst performing currency among G10 and the major EM currencies, GBP/USD is at its lowest level since early 2017, and EUR/GBP has breached 0.90. Meanwhile, investors are heavily short the currency. So, is it time to fade or follow the weakness?
My take would be to remain bearish on the currency for three reasons:...
TO READ THIS HIVE EXCLUSIVE SUBSCRIBE TO MACRO HIVE PRIME