For the first time since March 2009, GBPUSD is back below 1.40. Despite Camron’s “Project Fear” and desperate attempts to spin British opinion (2 different polls yesterday showed 37% want to leave and 51% want to leave), investors are growing increasingly concerned as Nigel Farage exposes the ugly truths about Cameron’s so-called “deal and FX and credit markets spike to extreme relative risk levels.
From hope to nope…