Research

10 Years after Brexit Vote

Ten years ago to the day, on the eve of the Brexit vote, I shared a view that GBP strength was temporary and that any Brexit‑driven volatility in Indian markets would likely be a buying opportunity. The Pound collapsed 12% the next day, and global equity markets reacted sharply. Looking back a decade later, being […]

Prepare yourself for a ‘sterling’ decline

Cable (GBP/USD) has been moving in a triangle pattern since 2009 and yesterday’s sharp and convincing dip below 1.5630 marked the end of this triangle formation. Cable’s monthly chart (above) with its Elliott Wave count shows that the currency is embarking on its 5th wave of decline. The target for this breakout is mammoth – Over the […]