Brexit biggestthreat to sterling - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Rabobank explained that according to BoE Governor Carney Brexit is the biggest domestic risk to financial stability.

    Key Quotes:

    "That said, opinion polls suggest that the vote could still go either way."

    "According to the PM’s Political Strategist Crosby, polls are indicated that one quarter of those favouring ‘remain’ were unlikely to vote."

    "Given that uncertainty is compounded by the large quantity of ‘undecideds’, sterling is set for a rocky ride in the next few months."

    "We see the potential for vote in favour of Brexit opening the prospect of a drop in GBP/USD to 1.20. Our forecast of a move to GBP/USD1.53 in 12 mth assumes a ‘Remain’ vote and the possibility of two Fed hikes this year."
    For more information, read our latest forex news.

Share This Page

free forex signals