GBP rips higher on referendum hopes
Markets are continuing in their recent risk-on vein with sterling bulls bolstered by increased hopes for a second Brexit referendum, and perhaps, at the margin, even a scuppering of the entire issue.
The history of trade liberalisation shows that despite populist rhetoric, eliminating barriers to trade empowers the average citizen. But now, as the US and China take further steps towards a full-blown trade war, investors must position themselves very carefully.
Saxo Bank's Quarterly Outlook for Q2 is here, with expert insights and trading themes from our team of strategists. Get your copy here.