Currency Corner: what does Boris Johnson’s Brexit deal mean for the pound?

It was a long time coming, but it looks like we might finally have a deal by which Britain can leave the European Union. What does it all mean for sterling?

The implications are good, of course. That’s why sterling has had such a rally this past week, from $1.21 to $1.29. I would not have liked to have been short.

We have been saying on these pages since shortly after the dawn of time, or thereabouts, that sterling is significantly undervalued, but that it won’t...
source: Money Week

2019-10-18 16:59
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