We believe that the Brexit can make the pound a safe haven currency like the Swiss franc and the dollar. Not only: Large current-account deficit is one of U.K.’s key economic vulnerabilities, ans a “leave” vote could increase risk premia in GBP assets; But in event of Brexit, “referendum-itis” will be catching from Catalonia to Netherlands, in France could change the outcome of next year’s presidential election: and this will probably be the end of the euro. For these reasons we believe that the alternative currencies to the euro could become haven
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mgiuliani
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WE belive yet in this trade. The first target was reached,
The geopolitical conflicts and tensions in Europe will increase in the next few weeks; WE are quite stunned by the incapacity of the EU to understand why British people have been rejected this weakness of analysis and view will be their condemnation.
mgiuliani
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on 20 June the first target @ 0.7700 was reached
mgiuliani
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As we mentioned in the previous comment we believe that if there is a Brexit next week, the euro would not to behave as a safeheaven , but rather to see the euro under big pressure on fear of further discord with the region.
mgiuliani
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The geopolitical conflicts and tensions in Europe will increase in the next few weeks; WE are quite stunned by the incapacity of the EU to understand why British people have been rejected this weakness of analysis and view will be their condemnation.