The pen is mightier than the sword - A picture is worth a thousand words

itc racing

↑ Grab this Headline Animator

All visitors are now able to view this blog over an encrypted connection by visiting https://itccommunicationsnet-johnnichols.blogspot.com

https://petition.parliament.uk/petitions/131215

Sunday, June 26, 2016

Pound stabilising as “nothing will change” in the next few months, says FX Pro: ProactiveInvestors Stocktube

Published on 24 Jun 2016
On Friday, the UK took the unprecedented step of voting to leave the European Union, swiftly followed by the announcement that Prime Minister David Cameron is to resign in the coming months.

Shortly after the news broke, the pound initially plummeting to a 30-year low, but recuperated some of its losses to sit £1.38 to the dollar by lunch.

Simon Smith, chief economist at foreign exchange broker FX Pro tells Proactive Investors “the reaction of sterling at least is reflected the fact that the world’s not ended, the sun is still shining, the economy is still ticking along and nothing is going to change for at least the next few months”.

He says the pound could be “entering a new paradigm”, or a new era, having trading in a 17.5 figure range, which he adds is “unprecedented”.

No comments: