With ongoing speculation around a no-deal Brexit, the markets continue to bounce as sterling’s volatility continues. With the ECB meeting on Thursday, the expectations of an extension to the quantitative easing programme and no rate cuts will strengthen.
MUFG’s Research Desk highlights a short US dollar and Swiss Franc, outperforming other G10 currencies, as well as a short Aussie dollar against the US buck (please note Derek meant to say “long Aussie dollar” at 10.22).
Derek Halpenny, Head of Research Global Markets EMEA and International Securities, discusses how the next 48 hours will be crucial in determining the outcome for the markets and Britain’s future as a whole.
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