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Analysts forecasting a pound rally of more than 5% on a softer Brexit may be too optimistic, according to the article. Some see sterling reaching US$1.40 by end-June, but current prices appear to reflect mainly positive scenarios.
Traders say the market remains structurally short sterling in cash and options.
The analysis highlights downside risk to sterling forecasts, which would affect currency conversion for UK import costs. It has no direct link to feed commodity balances.
businesstimes.com.sgMar 31, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
