The Pound Faces ‘Perfect Storm’ Despite UK Johnson’s Narrow Win

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ValueWalk

The British pound – already showing ‘emerging market’ traits – faces a difficult time ahead amid political storms in the UK, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The warning from Nigel Green of deVere Group comes despite sterling holding gains against the dollar and euro as Boris Johnson survived a No Confidence Vote on Monday. Q1 2022 hedge fund letters, conferences and more It also follows Bank of America Corp. strategists last week urging investors to hedge for an “existential” sterling crisis as the British …

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