Investment themes – Political developments trump fundamentals for dollar, pound
Posted on January 12, 2017 at 3:17 pm GMTOne interesting theme for the second half of 2016 as well as for the first few days of 2017 has been how political developments are moving two of the world’s most important currencies: the dollar and the pound. The two currencies are paying less attention to economic fundamentals and more on the pronouncements of the two countries’ new leaders, Prime Minister Theresa May and President-elect Donald Trump on Brexit and possible fiscal stimulus respectively. In the UK, statements by May [..]