Entering text into the input field will update the search result below

Deutsche pulls bearish view on pound

Apr. 18, 2017 3:31 PM ETEWU, FXB, GBB-OLD, EWUS, FKU, DXPS, DBUK, QGBR, HEWUBy: Stephen Alpher, SA News Editor
  • The team at Deutsche Bank has been one of the more notable bears on the pound in recent years, but Prime Minster Theresa May's call for snap elections changes the outlook.
  • The end result of the election, says Deutsche, will be a smoother, more drawn out Brexit. "This sequenced approach materially reduces the 'crash risk' of Brexit negotiations," thus also reducing the downside risks for U.K. growth.
  • The pound continues its surge today, now up 2.2% vs. the dollar at $1.2841.
  • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR, HEWU

Recommended For You

More Trending News