GBP: Consensus Turns 'Too Positive' On Brexit: What's The Trade? – BofAML

Bank of America Merrill Lynch FX Strategy Research argues that as the consensus has become too positive on Brexit, GBP traders should consider how to position as the positive outcome is already priced in.

“We have been optimistic that the UK and the EU will agree to a Brexit transition and eventually to a reasonable new trade arrangement. However, getting there is not going to be smooth and the negotiations are likely to have a very difficult and slow start, BofAML argues. 

We remain optimistic for the final outcome and will buy the GBP dip, but we do see a dip ahead,“ BofAML recommends.

Source: Bank of America Merrill Lynch Rates and Currencies Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/ltiWLRpw2ls/gbp-consensus-turns-too-positive-brexit-whats-trade-bofaml

from Online Forex Trading Resource
View thesource article here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s