David Buik, Senior Market Commentator at Panmure Gordon discusses Brexit, Article 50, and next move in Cable and warns about the stagnant corporate earnings in UK and US.
Buik presents his view on G-20 and on the question that is dominating the wires – Is it best to wait until a clear way ahead is emerging? Or best to trigger Article 50 soon precisely to compel all concerned to take painful decisions and agree a sane outcome?
When quipped about the next move in GBP, Buik replies, it is unlikely to go higher from here and could deflate to 1.29 levels. While concluding the segment, Buik also weighs in on UK house builders and warns about the stagnant corporate earnings in UK and US over the last couple of quarters.