I seek not to tame the market, only to share a nice walk together with it..
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Old Mutual Goes Bullish on Pound as Post-Brexit Data Surprise
The world’s worst-performing major currency of 2016 is starting to win some friends. Old Mutual Asset Managers Plc., which oversees 327 billion pounds ($427 billion), said it turned bullish on the pound after U.K. economic data signaled the country was resilient in the wake of the June vote to leave the European Union. Sterling bulls were immediately rewarded with the biggest weekly gain versus the dollar in more than a month. Doubts about the speed at which U.S. interest rates will rise, which emerged after San Francisco Federal Reserve President John Williams said the policy of targeting low inflation no longer ... (full story)
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