+ + + Morgan Stanley Advises Investors to Short Pound + + ++ + + Predicts Sterling to Drop 10% + + +

UPDATE : French investment bank BNP Paribas Capital Markets advised clients this morning

‘A Lab/Lib government is the least liked option by markets and would almost guarantee a downgrade of the UK sovereign. Moody’s suggested yesterday, when announcing that Greece and Portugal where due for a further downgrade (eventually giving Greece junk bond status), that the UK would not be downgraded while parties hold coalition talks. However, the implicit meaning of this statement suggests that the rating agency will look carefully into budget plans when deciding on the potential downgrade. We believe that a downgrade under a Lab/Lib government is more than likely since both parties agree that early expenditure cuts could harm the economy. The alternative could be that both parties agree on tax hikes to be implemented with the next budget. Both outcomes would be equally bearish for sterling. Hence, GBPUSD remains a sell.’




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Corbynista media cheerleader Aaron Bastani says his friend Clive Lewis’s “b*tch” comment was:

“beneath any parliamentarian”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Lewis: “I Apologise Unreservedly” Lewis: “I Apologise Unreservedly”
Clive Lewis: “Get On Your Knees B****” Clive Lewis: “Get On Your Knees B****”
Heads Up: Parliament Tells MPs It’s Too Windy To Inspect Falling Masonry Heads Up: Parliament Tells MPs It’s Too Windy To Inspect Falling Masonry
Corbyn Stands By Disgraced Lavery Corbyn Stands By Disgraced Lavery
Mandelson Lies About Single Market Mandelson Lies About Single Market
Merkel: “Absolutely No Doubt” There Will Be A Deal Merkel: “Absolutely No Doubt” There Will Be A Deal
Sweden Drawing Up Brexit Trade Plans Sweden Drawing Up Brexit Trade Plans
Car Windscreen Smashed Inside Parliament Car Windscreen Smashed Inside Parliament
Russia Today Presenter Fibs With First Word on #BBCDP Russia Today Presenter Fibs With First Word on #BBCDP
Shameless Poetry Shameless Poetry
John Healey: Then and Now John Healey: Then and Now
Linesman MP Has Attended 96% of Votes, Better Record Than SNP MPs Linesman MP Has Attended 96% of Votes, Better Record Than SNP MPs
On The Red Carpet Last Night On The Red Carpet Last Night
Red Sky at Night, Jez’s Delight Red Sky at Night, Jez’s Delight
Arms Folded in Unity Arms Folded in Unity
Cliffe Quits Radicals After 12 Hours Cliffe Quits Radicals After 12 Hours
Davis: Brake Leaked His Own Letter Davis: Brake Leaked His Own Letter
Brake Misleads Bercow About Guido Story Brake Misleads Bercow About Guido Story
Labour Charge Electric Campaign Vehicle in Parliament Labour Charge Electric Campaign Vehicle in Parliament
Mr Rayner’s Alternative to Badger Cull Mr Rayner’s Alternative to Badger Cull