Brexit spilling over to real economy yet? - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Shaun Osborne Chief FX Strategist at FXStreet explained that the GBP has failed to emerge from the shadow of the “Brexit” debate to take fuller advantage of the weaker USD.

    Key Quotes:

    "Market pricing suggests insurance against downside risks in the pound through the June 23rd referendum is becoming more expensive (3m risk-reversals are showing a massive 4.5 vol premium for GBP puts over calls)."

    "Business sentiment and consumer confidence data due later tonight will show whether the “Brexit” issue is spilling over into the real economy or not.""
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