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It’s Going So Badly for Johnson Even Pound Traders Prefer Corbyn

Summary:
By Cecile Gutscher, Charlotte Ryan, and Greg Ritchie A hard Brexit scares some analysts more than Corbyn as PM Sterling seen rallying if Labour-led government comes to power Investors have long been wary of the Labour leader given his desire to nationalize parts of the economy, boost borrowing and redistribute income. Yet analysts now see a Corbyn-led coalition as the best bet to avoid a disruptive exit from the European Union without a future relationship secured. Bloomberg  It's Going So Badly for Johnson Even Pound Traders Prefer Corbyn

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By Cecile Gutscher, Charlotte Ryan, and Greg Ritchie


  • A hard Brexit scares some analysts more than Corbyn as PM
  • Sterling seen rallying if Labour-led government comes to power

Investors have long been wary of the Labour leader given his desire to nationalize parts of the economy, boost borrowing and redistribute income. Yet analysts now see a Corbyn-led coalition as the best bet to avoid a disruptive exit from the European Union without a future relationship secured.

Bloomberg 

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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