The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: The US economy remains on track with a mixed-to-positive Retail Sales print, but the same can't be said for the British currency, which is reeling on a flurry of Brexit headlines.