Richard Falkenhall

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Last quote by Richard Falkenhall

The weakness of the GBP during summer reflects that a lot of bad news had been priced into it. Growth forecasts have been lowered and the Brexit negotiations have not shown any progress. Given these expectations it comes as no surprise as it reacts positively on some positive news in recent weeks and what seems like tighter monetary policy.feedback
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Sep 15 2017 Brexit
Richard Falkenhall has been quoted 12 times. The one recent article where Richard Falkenhall has been quoted is Sterling breaks above $1.35 but political uncertainty casts doubts over its future. Most recently, Richard Falkenhall was quoted as having said, “Over the medium term we believe it is too early to expect a substantial recovery at this point. That said, we would turn more long-term positive on the GBP if Brexit negotiations showed some real progress in coming months. In the near-term, FX (currency) investors should look to buy GBP here in anticipation of further gains, as positioning in the market is skewed towards further liquidation of GBP shorts. This will probably bring the 0.8750/0.8800 range into view in EURGBP, at which point the market will be in a bit better balance.”.
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