Trump previews, little risk of a run on Pound - CIBC

Jeremy Stretch, Head of G10 Strategy at CIBC believes one cannot be pretty sure what line Donald Trump would tow each time he speaks, but warns FX traders against reading too much between the lines as much of the positive news has been priced-in by the US dollar.

Coming to British Pound, Stretch believes there is little risk of a run on the pound, but acknowledges the risk of a sell-off to 1.17/1.18 on Brexit fears and dollar rally.

This is a must listen to segment as Jeremy Stretch’s FX market commentary would help traders position for Carney testimony and Trump speech.

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