Following the “Leave” side prevailing in the U.K. referendum, UBS analysts believe the EUR/USD will continue its gradual convergence higher toward a fair value of around 1.25. Daniel Waldman and team said in their July 5 research piece titled “Global FX Atlas: Which views remain after Leave?” that they believe the USD’s strength has been limited post-referendum. GBP remains the best way to trade Leave vote Waldman and colleagues believe that post the U.K. referendum, the FX implications have been limited and mostly concentrated in GBP. The analysts believe the GBP remains the best way to trade the Leave vote. They see the…
EUR/USD Could Grind Higher Towards 1.25: UBS
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports