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Brexit sees more prominent figures sharing views – Investec

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Investec, notes that the British fund manager Neil Woodford (CBE) joined the Brexit conversation by speaking to the BBC, he disagreed with Tuesday’s published letter of views expressed by FTSE bosses to stay in the EU.

    Key Quotes

    “He stated that leaving the EU would not necessarily damage the UK economy, he stressed that the debate should focus around the political argument rather than the economic one.

    Aggressive predictions continue to pour in for the fate of the pound should a Brexit come to fruition, HSBC stated it could wipe 20% of the value of the pound whilst most economists in a survey (Bloomberg) predicted GBPUSD would fall to 1.25 should this eventuality occur.

    A quiet day on the data front saw the Pound’s slide continue falling through 1.40 in GBPUSD and continuing to flirt with lower levels. This was seen across the board as the Pound has been the worst performing major currency since Friday.”
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