Tag: March 2017

Market Analysis: 28 March 2017

by Christala Parmaxi Overview The Pound was the best performing currency on Monday; the Cable appreciated at around 500 pips over the past 10 trading days. The British Pound has already fully discounted Brexit and it is official that Theresa May will trigger Article 50 on Wednesday. Moreover, the stance of the BoE has turned to hawkish. In our view, the GBP may fall rapidly during the announcement but it is likely to recover in a small interval of time due to the already priced in Brexit information reflected in Pound and......

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