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Impact of Currency Movements

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WessexBoy
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Re: Impact of Currency Movements

#88705

Postby WessexBoy » October 16th, 2017, 9:16 pm

Well it makes for journo copy, as in FT today:

* Sterling’s gyrations leave Bank of England in a bind *

"Currency analysts are nervously excited. “What a week it could be for sterling,” says Citigroup. “This week could define how sterling performs into year-end.”

"Investors are less thrilled. The pound last Thursday fell 0.6 per cent on the deadlock in Brexit talks, only to rise 1 per cent on reports that the EU was considering offering the UK the two-year transition deal it was seeking.

Sterling continued to yo-yo on Monday, so it is hardly surprising investors are taking out extra protection against the pound’s gyrations, driving up demand for one-month implied sterling volatility."

I'll be in NYC next week, so hoping for a local high followed by a decline on my return to make sense of my long term investments ;)


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