A global bonds selloff has pushed yields up across the board towards post-Brexit highs while the anti-establishment wave sweeping the western world could force a 'No' vote on the Italian referendum in December.
Article / 06 July 2016 at 14:51 GMT

INFOGRAPHIC: The post-Brexit decline and fall of sterling

Deputy Editor /
 By Clare MacCarthy

Sterling touched 1.50 on the night of the Brexit poll but it's
been a virtual one-way street for GBPUSD ever since as it
smashes its way to new 31-year lows. Where will it end?

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Brexit GBPUSD 06.07.16

06 July
goldfinger goldfinger
You might like to review your advice poste Brexit. Saxo advised buying Burberry's and Barclays as two outstanding buys. Now you are claiming something else in your narrative.
08 July
Peter Garnry Peter Garnry
@goldfinger I said both in writing and video before the Brexit than banks would be worst performing group on a leave and Pharmaceuticals would be the best. However, on the day following the result we were bullish on banks because of the overreaction. So no, we did not recommend Barclays ahead of the vote. In fact on our morning call to clients we said "don't be smart" and keep the exposure low.
08 July
Martin O'Rourke Martin O'Rourke
Further to Peter's comment, that was the exact phrase we used to headline From the Floor which is the TradingFloor writeup of the Morning Call on the day of the referendum.


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