Is the U.K. on the road to an International Monetary Fund bailout? Here's what two strategists are saying.
That’s the view of Peter Chatwell, head of global macro strategies trading at Mizuho Securities, as expressed in an interview on Bloomberg Television on Monday.
That’s the view of Peter Chatwell, head of global macro strategies trading at Mizuho Securities, as expressed in an interview on Bloomberg Television on Monday. “I’m thinking of two potential crises that this reminds me of. One is the [European Exchange Rate Mechanism], so 1992. And then I’m thinking about the possibility of an IMF bailout, like in 1976.”
He said the pound GBPUSD falling to parity against the dollar isn’t priced into options markets, and said the Bank of England may need to take interest rates to 5%.“A balance of payments funding crisis may sound extreme, but it is not unprecedented: a combination of aggressive fiscal spending, severe energy shock, and a slide in sterling ultimately resulted in the UK having recourse to an IMF loan in the mid 1970s.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
India Surpasses UK as World's 5th Largest Economy Based on IMF Data – Economics Bitcoin NewsIndia is now the world’s fifth-largest economy after surpassing the U.K. based on data from the International Monetary Fund (IMF).
Leer más »
'No Middle Class Left,' 'Millions Will Be Wiped Out' — Two Market Crash Predictions, Gas Cartels, and Whales Moving Mt Gox Coins: Bitcoin.com News Week in Review – The Weekly Bitcoin NewsOne market strategist has issued a dire warning about the U.S. economy and a large market crash that could cause a '50 to 60 percent haircut' in stocks.
Leer más »
Here's what Morgan Stanley says will fuel another decline in stocksMorgan Stanley strategist Mike Wilson says there's more pain in store, but for a different reason.
Leer más »
‘Survivor’ U.K. Reboot Set for BBCThe U.K. public broadcaster will 'bring one of TV’s most successful formats to audiences in the U.K. in a uniquely BBC way.'
Leer más »
Firefighters attack brush fire north of FallbrookThe fire broke out off Sandia Creek Road north of De Luz Road around 1:35 p.m.
Leer más »