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5 May 2015
Large oil deal increases GBP M&A pipeline – Nomura
FXStreet (Barcelona) - FX Strategists at Nomura, mention that the net M&A flows are expected GBP positive in spite of the political risks ahead.
Key Quotes
“Net pending cash flows for the United Kingdom increased significantly during the month of April. This was driven largely by the BG Group acquisition announced by Royal Dutch Shell, with a cash deal value around $19.6bn.”
“GBP is now the currency expected to benefit the most during the next few months from the M&A pipeline, which for GBP totals $34.1bn.”
“Even excluding the BG deal, net M&A flows are expected to remain GBP positive, suggesting limited impact of political uncertainty on M&A flows thus far.”
Key Quotes
“Net pending cash flows for the United Kingdom increased significantly during the month of April. This was driven largely by the BG Group acquisition announced by Royal Dutch Shell, with a cash deal value around $19.6bn.”
“GBP is now the currency expected to benefit the most during the next few months from the M&A pipeline, which for GBP totals $34.1bn.”
“Even excluding the BG deal, net M&A flows are expected to remain GBP positive, suggesting limited impact of political uncertainty on M&A flows thus far.”