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Will Brexit Trigger Exodus of Banks From London?:London has flourished as a financial center for decades in part because global banks, from offices around the bustling City of London district, could sell their services freely around the European Union’s 28-nation trading bloc. Now that British voters have decided to leave the EU — the complicated international divorce known as Brexit — the city’s status as a banking hub is under threat. If U.K. firms lose easy access to Europe’s $19 trillion eco…
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I AM HOPING TO SEE A RETURN TO 1.60 Long GBPUSD for medium term: momentum, weaker USD, short squeeze POUND STERLING / US DOLLAR (FX_IDC:GBPUSD) 1.3022 0.0045 0.35%
Momentum in Cable has flipped to the upside, breaking a major 2-year downtrend.
MORE LIKE 10 YEARS 2006 1GU =2.04 Actual trade
CFTC data shows speculators still heavily net short GBP.
MORE LIKE 10 YEARS 2006 1GU =2.04 Actual trade
CFTC data shows speculators still heavily net short GBP.