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Brexit: EU uncertainty overshadows sterling – ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Brian Martin, Head of Global Economics at ANZ, suggests that the Sterling has come under heavy selling pressure as the debate on whether to remain in or leave the EU appears to be increasingly polarised.

    Key Quotes

    “Some senior cabinet ministers, the Mayor of London and up to 150 of 330 Conservative MPs are reported to be in favour of leaving.

    Political uncertainty, the UK’s current account deficit and diminished expectations of rate rises are weighing on sterling.”
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