For Professional Clients Only. Not Investment advice. For Information purposes only.
To recap before the weekend, we maintain our view that GBP should appreciate further against EUR, that the DXY (the US Dollar) should appreciate long term and that the heightened volatility in Gold and Silver, whilst denting their attractiveness as safe havens, should give rise to some interesting entry points lower down. As we have alluded to earlier, with the increased geo-political risks and no shortage of 'policy error' risk, we are still inclined to have a weighting in Gold and Silver, but haven't yet seen the levels we're after.
Have a good weekend!
To recap before the weekend, we maintain our view that GBP should appreciate further against EUR, that the DXY (the US Dollar) should appreciate long term and that the heightened volatility in Gold and Silver, whilst denting their attractiveness as safe havens, should give rise to some interesting entry points lower down. As we have alluded to earlier, with the increased geo-political risks and no shortage of 'policy error' risk, we are still inclined to have a weighting in Gold and Silver, but haven't yet seen the levels we're after.
Have a good weekend!
