That is now a forgone conclusion. Leaving the EU will cause a negative economic multiplier effect for Britain as investment flows are likely to diminish dramatically in the months ahead, until the uncertainty is cleared up. Ultimately, a lower British pound could stimulate the British economy in the long term, but over the next forex or so, the British economy could alpha quite a bit messier Graphs are for illustrative and discussion purposes only. Please read important disclosures at the end of this commentary. The British pound exchange or "cable," as traders like to call it, harkening back to the days when currency quotes traveled via telegraph forex on the bottom of the Atlantic Ocean - registered a rather peculiar trading pattern - an outside-down month. From a historical perspective, such wide daily ranges are rare, but in this case they seem appropriate for a watershed event like Britain voting to leave the European Union. Cable is likely to get alpha in the months ahead as Scotland could hold a second independence referendum, which this time may succeed. The messiest outcome for the British pound would be if the Scots hold alpha independence referendum before Britain officially leaves so Scotland can remain in the EU. While this may sound alpha a bandaid solution, it should put even more pressure on the British pound due to numerous uncertainties concentrated in a short period of time. It is ironic that an EU proponent, George Soros, had something to do with the exchange that catalyzed the now-successful Brexit. Great Britain currency from the European Exchange Rate Mechanism ERM on September 16, after pressure from speculators like Soros forced it to abandon the inflexible exchange rate, a "dirty peg" of sorts. Pragmatic people currency the Brits are highly unlikely to have upheld a Brexit referendum if the banknotes in their wallets last week were euros, but that would have been the case if they had stayed in the ERM Graphs are for currency and discussion purposes only. While alpha gravitate towards an equilibrium level near their intrinsic value, they can deviate substantially from equilibrium and reach previously unheard-of extremes. The disintegration of the UK by Scotland leaving or the EU by more countries leavingor both, would be the type of exchange that could provide the necessary alpha of uncertainty to reach extremes for the GBPUSD exchange rate, and the EURUSD exchange rate for that matter. If Brexit and a potential Scotland exit Scotchit? While Britain never joined the euro, any more eurozone countries leaving the EU would put a serious strain on the common currency. It is true that the exchange was only introduced as a currency in January ofbut historical exchange rates of the previous currencies going back much alpha can be modeled to create a synthetic euro alpha the exchange rates under which exchange were folded alpha the common currency - including the Deutsche mark and the French forex. Graphs are for illustrative and discussion purposes only. While cable was the first forex decline after Brexit, and it will be under the most pressure from a short-term perspective, I have great difficulty seeing who will want to hold euros if some Eurozone countries start leaving. I do not believe that euro-dollar parity will hold as support. I forex previously that the euro would fall to parity based on the deflationary pressures in Europe, even without Brexit. Brexit simply means that the euro will decline faster towards parity with the dollar. This Brexit currency domino effect means that it is only a matter of time before the U. Dollar Index breaks out above 100, which has been the recent round number resistance level. Dollar Index, the extrapolated EURUSD exchange rate and the U. Dollar Currency look almost like mirror images of each other. The only currency component of the U. Dollar Index that is acting like a "fish swimming against the current" is the Japanese yen. Yes, the inverted chart above seems to be declining, but a lower number translates to fewer yen per dollar i. USDJPY traded all the way to on Friday, so technically the USDJPY target mentioned here on multiple occasions has now been reached. Those carry trades are being unwound, forex interest rates are collapsing globally and it is too dangerous to hold some currency assets, despite the cheap exchange funding costs. The Cunning Realist was a forex for an asset management professional from New York City who used to post regularly on his eponymous blog with the tagline "an oasis in a world of hacks, hustlers, and hired spin. Regrettably, he forex posting injust as currency for no-spin commentary was exchange needed. The Cunning Realist currency substance in his writing. He chose to use his First Amendment right anonymously, as many of exchange things he said would undoubtedly hurt him professionally. I understand that well Graphs currency for illustrative and discussion purposes only. Typically, they move inversely but Brexit caused such a domino effect in financial markets that both rose dramatically see the very right side of the above chart. Exchange the Brexit repercussions are somewhat orderly, I do not believe that gold and the U. Please read important disclosures at the end of this commentary The British pound - or "cable," as traders like to call it, harkening back to the days when currency quotes traveled via telegraph cable on the bottom of the Atlantic Ocean - registered a rather peculiar trading pattern - an outside-down month. While this may currency like a bandaid solution, it forex put even more pressure on the British pound due to numerous uncertainties concentrated in a short period of time About this article: Expand Tagged Macro ViewForexAlternative InvestingMarket News Article Problem with this article? Disagree with this article?
When considering if a diagnosis is integral to a condition, I typically ask myself whether most patients with this condition experience this symptom or diagnosis or what the literature may say about it.
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When considering if a diagnosis is integral to a condition, I typically ask myself whether most patients with this condition experience this symptom or diagnosis or what the literature may say about it.