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.
Global Macro Strategist
Summary: Just as with global macroeconomic conditions, you can run from the Federal Reserve, but you cannot hide. So emerging market central banks have no choice but to pay the piper and follow the Fed, which is now tightening.