- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Barclays says GBP is oversold but vulnerable to further flash crashes
Barclays says GBP is oversold but vulnerable to further flash crashes
"The key question for sterling's evolution from here is whether or not the Brexit uncertainty discount is sufficient.
While the ultimate resolution of Brexit may have an impact on GBP's equilibrium value, at current levels, GBP represents clear long-term value, having been cheaper on a real effective basis only twice in the last half century: briefly at the depths of the Global Financial Crisis, and during its mid-70s balance of payments crisis (Figure 14).
In our view, this is more than sufficient discount, but that does not mean that GBP cannot get cheaper still.
While the medium-term value of GBP is extremely compelling, there is a strong incentive for buyers of long-term UK investments to wait for the Government to announce its Brexit negotiation plans. This leaves GBP exposed to further "flash crashes", particularly in periods of illiquidity as important constitutional questions regarding the Government's path to trigger Article 50 remain in question.
That said, positioning in GBP appears quite short and momentum indicators are indicative of oversold GBP positions (Figure 15),limiting the ability of GBP to extend significantly lower, even over short horizons".
Copyright © 2016 Barclays Capital, eFXnews™
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
