In a nutshell, say UBS:
A win by Clinton is largely priced by markets
- Shouldn't have a large medium-term impact on FX or rates markets
A Trump win
- Correlations suggest that USD/MXN is the place to express this view
No surprises there.
While we're at it, this quick take from Société Générale, on a win by Clinton:
- Expect a quick relief rebound in global equity market
- Bet against US pharma company stocks in the medium term
