Global Perspectives: Final Currency Thoughts for 2019 Part 1

Foreign Exchange - Global Perspectives
By David Atkinson and Tomoko Iwakawa
Final Currency Thoughts for 2019 Part 1
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As we wind down 2018, we wanted to summarize our thoughts for major currencies in 2019. Currency forecasting is never easy. It is made all the more difficult by an ever more volatile geopolitical environment. And it is even more complicated when there are so many developments in the world that turn out to be more black and white than expected.
The first of these is Brexit. British Prime Minister Theresa May told parliament this week that debate on her Brexit plan will take place the week of January 7, with the vote the following week.
We expect the plan to pass. But if the vote fails there are alternatives, including a possible second referendum or an extension of the deadline for the United Kingdom to leave the EU.
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