With all of the negative hype surrounding the demise of Britain if they leave the EU, than why is the British Pound rallying? Could this be another example of the price is a better predictor of the news than the news is a predictor of the price? I would not be surprised if a year from now the citizens of Britain were financially in a much better position.
Cheers!
P. Franklin, Jr.
April 19th, 2017
All opinions and estimates included in this communication constitute the author’s judgment as of the date of this report and are subject to change without notice. This communication is for informational purposes only. It is not intended as an offer or solicitation with respect to the purchase or sale of any security. This information is subject to change at any time, based on market and other conditions. Any forward looking statements are just opinions – not a statement of fact.
Investing may involve risk including loss of principal. Investment returns, particularly over shorter time periods are highly dependent on trends in the various investment markets. Past performance does not guarantee future results.