August 24, 2017
In three issues of Modern Trader, beginning with the December 2016 issue and ending with the April 2017 issue, Paul Cretien detailed the response of six currencies – euro, Swiss franc, Australian dollar, Canadian dollar and Japanese yen – to the pound’s price decline following the Brexit vote. He suggested their central bank would defend export markets by weakening the currencies, which also would strengthen the U.S. dollar.