- Analytics
- News and Tools
- Market News
- Pound is ‘cheap’ and could soar on Brexit clarity to $1.45 - Merian Global Investors
Pound is ‘cheap’ and could soar on Brexit clarity to $1.45 - Merian Global Investors
The pound is a bargain and may strengthen to $1.45 once the uncertainty surrounding Brexit starts to get resolved, according to Merian Global Investors Ltd.
The London-based money manager has a long position on sterling, betting the economy will improve as soon as the protracted chaos over the U.K.’s separation from the European Union is over.
“Sterling is cheap particularly if we get any level of clarity,” said Huw Davies, fixed-income investment director. “We’re long and trading the range. With any level of clarity, it could get well up to $1.40 or $1.45.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
