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June 13, 2016 | BREXIT – Sterling & Euro

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

IBEUBP-D 6-13-2016

Euro HangingThe overall initial trend based upon the fact that the majority of big money trades fundamentally, we should expect the euro to rally against the pound. We can see that the euro has been strong rising sharply and we may yet see a further rally.

Keep in mind that while the LONG-TERM projections are bearish for the euro against the pound and the dollar. Nonetheless, with the BREXIT vote, the bulk of major money will be caught on the wrong side. So they should believe the propaganda and then we should see the trend flip. This means euro should first rally and then trap the majority before turning back down.

EUBPFOR-D 6-13-2016

 

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June 13th, 2016

Posted In: Armstrong Economics

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