Selling Britain by the pound
Forex traders are no more impressed by UK PM Theresa May's latest efforts than were the leaders of the European Union, and sterling is on track to take the 'week's worst performer' title away from a languishing loonie.
The global economic situation has de-synchronised with a US- and USD-centric trend taking its place. Meanwhile, the European economic situation has deteriorated. While these developments, combined with an incipient trade war, may appear incredibly gloomy, China holds a few key cards that may enable it to keep things from hitting new lows.
Saxo Bank's Quarterly Outlook for Q2 is here, with expert insights and trading themes from our team of strategists. Get your copy here.