The 13 percent devaluation of the pound against the dollar after the referendum on the withdrawal of the UK from the EU made it attractive for some investors; it may well rise by 5% on the trade-weighted index, where its fair value is, said the manager of Investec Asset Management Ltd. Russell Silberston. This is the index of the pound, which is calculated by the Bank of England. Translated to the dollar, this suggests the growth of the British currency to about $ 1.3200 from the current $ 1.2950.
Buy a pound, advises Investec
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