After months of campaigning, UK has finally decided to leave the European Union. A risk-off mentality has now gripped financial markets around the world as investors and traders wait to find out what the next step is for the UK and the rest of the EU. The pound has suffered the most from the Brexit decision. At time of writing, sterling is down by 8% against the dollar at $1.365 after hitting a high of $1.50 in overnight trading. The euro is up 5.8% against the pound at 0.81c to the £1. There’s still plenty of time to sell sterling Uncertainty…
There’s Still Plenty Of Time To Sell Sterling
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk