Hard to argue for the pound: Deutsche Bank Wealth Management

14 July 2016 | 2 minutes read

Despite a spike in the sterling following the confirmation of a new British Prime Minister, currency headwinds are incoming, with Deutsche Bank’s Wealth Management advising against going long. The German wealth manager pinpoints a six-month GBPUSD and EURGBP projection of 1.28 and 0.84, respectively. The pound is currently trading at US$1.32. “All the jitters and woes post-Brexit are expected to continue,”…

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