Ulrich Leuchtmann

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Ulrich Leuchtmann is associated, including UK, market, and deficit. Most recently, Ulrich Leuchtmann has been quoted saying: “The outcome of the referendum is wide open again.” in the article Global stocks gain, safe havens retreat as Brexit worries ebb. An other article where Ulrich Leuchtmann has been quoted is Brexit worries drag sterling to 3-week lows, volatility jumps.

Ulrich Leuchtmann quotes

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What we've had in the last few days is a very significant shift in the view on the euro because of the pricing in of possible ECB rate hikes quite early...but we need more confirmation on it for the euro to go further because this is a story that is still a bit fragile. We can't be sure that core inflation in the euro zone will really pick up, therefore we cannot be sure if the ECB will really be motivated to normalize interest rates soon.

The outcome of the referendum is wide open again.

The longer the medium- to long-term prospects of the UK remain uncertain following a possible Brexit, the more likely it would be for the British current account deficit -- the third largest in the world -- to become an issue for the FX market - with the resulting risk of sterling collapsing.

If all central banks are taking care of weakening their currencies, it is difficult to establish a new trend. You see a general situation where the dollar is rising again and every move higher weakens the case for whatever minimal chance of a rate rise the market is pricing in. Right at the moment we are a little bit stuck.

I think there is still a higher likelihood that they overdeliver and the euro goes down to around $1.08, maybe the high $1.07s.

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