When the music fades
I have just read a Bloomberg article stating that the UK retail miss is going to weigh further on consumer confidence and business concerns over a no-del Brexit. Inflation for the UK is above the Central bank's 2% target, but Brexit is making people nervous in the UK. The BOE is going to have further reasons to wait on hike rates with confidence the lowest since 2013 and the high street making very dire sounds.
However, once Brexit is resolved that factor is no longer relevant. (although I think challenges to the High Street are here to stay in our Amazon world). Furthermore, the main relief to the GBP is that a no-deal Brexit looks unlikely. So, play on with those GBP longs for the time being.
This one's going back a few years to the mighty s club 7. Got to keep the tempo going today
