Autumn Statement review & Forex forecasts- CIBC

It’s been two days since the Autumn Statement release and the Pound has not moved much.

Traders/investors out there must be battling questions related to government spending, fiscal discipline, pessimistic growth forecasts, worker productivity…

In this segment, Jeremy Stretch, Head of G-10 FX at CIBC reviews the autumn statement with Tip TV’s Zak Mir and also offers forex market forecasts.

“The worst of the downturn in Sterling is behind us”, says Stretch, but adds “political risks exist”.

Stretch also offers his view on the “Trump Bump” and the “hope trade” that has pushed the US dollar to the highest level since 2003 against the basket of currencies.

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