'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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU, UK market watchdogs clash over no-deal Brexit share tradingThe European Union's markets watchdog published guidance on Tuesday identif... “The European Union's markets watchdog published guidance on Tuesday identifying which shares investors in the bloc could no longer trade in London if there is a hard Brexit next week.” People wonder why so many Brits want to leave the EU? What happened to freedom of choice? Reckless behaviour. No wonder there are no other major trading centres in the EU.
Source: Reuters - 🏆 2. / 97 Read more »