Japanification of the UK, Itching for a sell trade on S&P500 – Think Trading

Paul Rodriguez, Director at Think Trading establishes parallels between things that went wrong in Japanese economy in the last two decades and the situation unfolding in the UK today. Rodriguez wonders whether interest rates go ‘two steps higher’ from here and then the BOE is forced to dive deep below sub zero levels.

Rodriguez also details why he feels traders calling for parity in EUR/GBP are likely to get trapped on the wrong side of the trade. He feels GBP/USD is bottoming out around 1.30 handle and has a bearish view on S&P500