German finance minister out on Reuters repeating previous concerns 26 May
- certain that IMF will back Greece deal
- Russian sanctions unlikely to end soon
Another reminder from Mr Happy, as we've pointed out here a few times, that Brexit has consequences for Europe as much/more than it does for UK.
Hence making EURGBP an interesting play . Recent GBP strength has been led by this pair and appears a decent hedge tool either way.
Schaeuble also said on 12 May that no one can forecast the effects of Brexit thus proving it's all about sticking a wet finger in the air anyhow. Or your tongue does just as well.
