GBP: UK Elections: Downside Risk N-Term; Not A Buy Yet – BTMU

BTMU FX Strategy Research notes that the rise of softer Brexit speculation is another reason why the pound has not declined more sharply following UK general election result.

“Overall we continue to judge that the risks are now more tilted to the downside for the pound in the nearterm on the back of heightened political uncertainty and the potential for even more complicated Brexit negotiations.

We would need to see the emergence of concrete evidence of a shift to a softer Brexit stance to buy into the potentially more bullish outlook for the pound,” BTMU argues.

Source: BTMU 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/~3/8U_zqrUQvv0/gbp-uk-elections-downside-risk-n-term-not-buy-yet-btmu

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