'The market appears more relaxed than it is,' Traders shunning the UK because of Brexit are in for a pound 'tsunami'

"It's near impossible to take a position on the pound right now, so the market appears more relaxed than it is," says Neil Wilson at Markets.comTraders shunning the UK until the outcome of Brexit becomes clear are in for a shock.

That's according to Neil Wilson at Markets.com, who says that the market appears more relaxed than it is.

"This will not remain the case for long - expect a surge in realized volatility ahead: the tsunami is coming," he wrote." and the GBPUSD spot price goes to 1.38-1.40, crash out without one, and it's back to 1.20 or even lower."over the past three years, before, during, and after the vote to leave in June 2016.Our Brexit Insider Facebook group is the best place for up-to-date news and analysis about Britain's departure from the EU, direct from Business Insider's political reporters. Join

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Source: Reuters - 🏆 2. / 97 Read more »