Brexit = uncertainty until 2020.
USD = rate hikes, fiscal stimulus, normal mean reversion of 10Y term premium, $10 trillion global dollar debt.
This divergence should continue to push GBPUSD lower, even if the BoE decides to hike rates in the face of rising CPI.
USD = rate hikes, fiscal stimulus, normal mean reversion of 10Y term premium, $10 trillion global dollar debt.
This divergence should continue to push GBPUSD lower, even if the BoE decides to hike rates in the face of rising CPI.