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Flat White

Market economist confidently predicts direction of white noise process

20 March 2017

1:24 PM

20 March 2017

1:24 PM

Sydney-based market economist Nathan Hadley has  confidently predicted a strong week ahead for pound sterling in the face of overwhelming evidence that shows currency market fluctuations over a five-day trading period are indistinguishable from white noise.

In spite of never having entered a profitable foreign exchange trade on his own behalf, Hadley remains adamant that a series of virtually unforecastable economic releases, central bank announcements and random news flows would see the pound trading firmer by the end of the week.

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