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Market Overview
British Pound Slips as Brexit Clarity Hangs in the Balance
As Theresa May seeks
to delay Brexit after parliament rejected the withdrawal deal she brought back
from Brussels on two occasions and a third vote has been ruled out, the Pound
is considered to be cheap, according to Merian
Global Investors Ltd.
The asset management experts
behind the investment firm said today that the Pound is a “bargain” and that it
may strengthen to $1.45 once the Brexit situation begins to show some clarity.
The Pounds was at $1.3267
during the early morning hours in London today.
The Pound strengthened
against all of its Group of Ten associates this year. It managed to increase by
four percent versus the Dollar and it also reached a nine-month high of $1.3381
last week, according to Bloomberg.
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