Last quote by Ray Attrill
Ray Attrill quotes
I don't think the markets are in any way, shape or form done with the downside in the sterling. We still think that $1.20 is a not unreasonable target given the size of effective like terms of trade shock. It's like Australia running out of gas or Saudi Arabia running out of oil, particularly in terms of how the financial services sector is potentially going to be impacted.
Increased dissolution about what central policies will continue to do to financial sector profitability may be a factor here. as too investors bracing for the Q1 earnings season (that kicks off in earnest on Monday) and where the banks are anticipated to reveal a truly rotten start to the year.
Expectations for any substantive commitments out of G20 were sufficiently low such that we shouldn't expect any significant market response early this week.