i feel partly the opposite. it will have most of the globe running for cover and the only real cover at the moment globally is GLD. this is one of the key moments i have been waiting 6 years for.
if america is struggling to repay $14 trillion, or needing to address it. what will happen to our £8.4 trillion ? where does that stand the £ against GLD
there may possibly be an excellent very short term 'shock' dip as the dollar gains if a deal is reached, thats the time to buy in with your £s. (if it happens, but i feel it wont) because we know it, and they know that the next institution on the block is the BoE and the £ and we have the same debt but with micro exports in comparison.
its going to be a turkey shoot late august.
if there is a dip mon/tues/weds. get in fast and hold.