Reuters The pound is the "darling of the currency world" right now, according to ING FX strategist Viraj Patel. That's because the pound has stopped trading on Brexit developments for the time being, and is moving more on its fundamentals. "Gone are the days of noisy Brexit headlines stirring sharp – and almost sentimental rather than fundamental – knee-jerk moves in the currency," Patel wrote. The pound is currently trading at around $1.42, close to its highest level since the Brexit vote. ...
The pound is the 'darling of the currency world' right now -- and it's only going to get better
Business Insider - 15 Apr 2018 17:46
Reuters The pound is the "darling of the currency world" right now, according to ING FX strategist Viraj Patel. That's because the pound has stopped trading on Brexit developments for the time being, and is moving more on its fundamentals. "Gone are the days of noisy Brexit headlines stirring sharp – and almost sentimental rather than fundamental – knee-jerk moves in the currency," Patel wrote. The pound is currently trading at around $1.42, close to its highest level since the Brexit vote. ...
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