Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Chief Macro Strategist
Summary: Traders have rushed to trade the sterling strength as the recent break higher in all GBP crosses has seen significant follow through on growing confidence that a no-deal Brexit will be avoided. Elsewhere, action is largely muted.
Page 2: GBP strength all over the map here as well, and we discuss EURNOK below, even if we are some distance from a breakout.