25 Feb 2016
Brexit: GBP/USD has found a little support - Rabobank
Piotr Matys, EM FX Strategist at Rabobank, suggests that after having reached a 7 year low yesterday on Brexit uncertainty, GBP/USD has found a little support.
Key Quotes
“A ComRes opinion poll on the UK’s EU referendum has suggested that the Remain camp has a lead of 12 points over the Leave campaign. While this is in contrast to other polls which suggest the two sides are neck and neck, the lead of the pro-EU camp in the ComRes poll has declined by a substantial 6 points since a similar poll in January.
ComRes conclude that the process of negotiating EU reforms has led to a narrowing of the gap between the Remain and Leave sides. While politics is the dominating theme for UK markets, the BoE’s Cunliffe reaffirmed the Bank’s cautious position yesterday by pointed out that the global and domestic expansion had been weaker than expected.”
Key Quotes
“A ComRes opinion poll on the UK’s EU referendum has suggested that the Remain camp has a lead of 12 points over the Leave campaign. While this is in contrast to other polls which suggest the two sides are neck and neck, the lead of the pro-EU camp in the ComRes poll has declined by a substantial 6 points since a similar poll in January.
ComRes conclude that the process of negotiating EU reforms has led to a narrowing of the gap between the Remain and Leave sides. While politics is the dominating theme for UK markets, the BoE’s Cunliffe reaffirmed the Bank’s cautious position yesterday by pointed out that the global and domestic expansion had been weaker than expected.”