Vasileios Gkionakis

The latest quote from Vasileios Gkionakis is: “I think it is quite overvalued relative to where real rate differentials were suggesting it would go.”. It comes from the There’s a perfect storm coming for the dollar, says chief currency strategist article. You’ll find on this page 8 articles with Vasileios Gkionakis quoted on topics such as U.K., Theresa May and market. Vasileios Gkionakis has been quoted 12 times in 8 articles.

Vasileios Gkionakis quotes

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I think it is quite overvalued relative to where real rate differentials were suggesting it would go.

I think 2017 is going to be a year where we see a weaker dollar across the board.

At current levels I retain a bearish bias, on the fundamental front nothing has really changed.

We have had a big slide in sterling and that is bound to start showing up in consumer confidence. Our view is that this is going to be a slow burner.

I think since the Trump election, what we've had is an increasing tendency by the market to price in all the positives and completely discard any potential negatives that come along with a Trump presidency. My view on Trump is basically there are a lot of unknown unknowns for the Trump presidency, but I may be wrong about this thing, and it could turn out to be something fantastically good for the U.S.

This will be detrimental to the outlook for sterling given the global status that the U.K. has enjoyed for so many years.

It is still early days to determine the end-result (of Brexit) but one thing seems certain: Sterling will remain under severe pressure. We reiterate our forecast for GBP-USD at 1.20 and EUR-GBP at 0.93 by year-end.

It is not just about the U.K.'s free access to the single market and trade becoming costlier; investors are now perplexed by the country's vision on immigration, openness and business' friendliness.

It is now abundantly clear that access to the single market is not on (UK Prime Minister) Theresa May's list of top priorities and the market is realizing that... there is more pressure for the pound in the weeks and months ahead.

Free from the barrier of the 'safe haven curse', with outflows set to continue and plenty of overvaluation to correct, the Swiss franc's cycle of weakness has ample room to run further.

When you look at the size of the moves there is certainly a big big wave of risk off. You are looking at Chinese equities and oil down almost 12 percent in the first four trading days of the year which is pretty chunky, and my worry is that this could create a feedback loop which hits sentiment.

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