Hard to See Burnham Trade Being Pound-Friendly, SocGen Says

Kit Juckes, chief FX strategist at Societe Generale, discusses the outlook for this week’s UK by-election and the potential impact of a leadership bid by Andy Burnham, who is trying to win a seat in parliament in Thursday’s vote in Makerfield, north-west England. “It’s hard to see the Burnham trade on week one, particularly if say he changes chancellor, good example, being sterling-friendly,” Juckes tells Bloomberg Television. (Source: Bloomberg)