BNP Paribas Backs Resurgent Pound Amid “Very Cheap” ValuationBala Murali Krishna
The pound sterling surged nearly 5% against the euro in November, its highest monthly rise against the combined currency since 2009. It also has held firm against a surging dollar, while major world currencies have slid since Republican Donald Trump’s victory in the U.S. presidential race.
The embattled British currency is clearly enjoying its best period since the Brexit vote last summer weakened it in October to a 30-year low against the American . . .
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