08.09.2016 - Brexit: The great headscratcher for the pound

The FX market is wrestling with the current resilience of the pound and fears for the long term. Brexit is a brainteaser for a $5tn foreign-exchange market that typically struggles to hold two apparently contradictory thoughts at the same time. The first is that sterling will rise in the short term; the second is that over the long term it will decline. It’s the challenge posed by the surprise resilience of the UK economy...............................................Full Article: Source

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