US: Trump impeachment still remains unlikely - NBF

Sandeep Kanihama FXStreet Contributor

Analysts at National Bank Financial suggest that in the US, despite the chaos surrounding the Trump administration and barring major new revelations, a successful impeachment of Trump still remains unlikely.

Key Quotes

“Investors are advised to monitor Trump’s support among the Republican rank and file and the right-leaning media very closely. Were Trump to lose this support, he would be in serious political trouble and much more vulnerable to impeachment.”

“The bad news for Trump, regardless of whether he is successfully impeached, is that several aspects of his life will be under increased scrutiny. In our opinion, the biggest risk that Trump faces is not being found guilty of collusion with Russia but being targeted by New York Prosecutors for something completely unrelated, such as campaign finance violations or tax irregularities.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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