3 Mar 2016
GBP remains vulnerable on ‘Brexit’ – Westpac
The sterling outlook remains fragile ahead of the June 23 referendum, suggested Richard Franulovich, Strategist at Westpac.
Key Quotes
“GBP looks vulnerable to an oversold bounce but until the 23 June referendum definitively takes Brexit risk off the table, GBP will likely struggle to mount a multi-day advance”.
“Inability to capitalise on notably stronger UK wages and retail sales data last week confirm poor underlying health of the currency”.
Key Quotes
“GBP looks vulnerable to an oversold bounce but until the 23 June referendum definitively takes Brexit risk off the table, GBP will likely struggle to mount a multi-day advance”.
“Inability to capitalise on notably stronger UK wages and retail sales data last week confirm poor underlying health of the currency”.