BofAML's Piron Sees More Downside for the Pound

The video discusses the impact of Article 50 on the pound, highlighting speculative shorts and the resilience of economic data. It explores the potential for further downside in Sterling, considering seasonal dollar weakness and upcoming French elections. The discussion includes historical currency trends, noting past corrections and potential triggers for further declines. The importance of trade negotiations, particularly in services, is emphasized, with potential challenges in reaching agreements on labor movement and EU citizens' rights.

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