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Will the pound strengthen further?
One of the frequent questions that clients ask Goldman Sachs Research’s Kamakshya Trivedi is whether the pound can regain the levels it traded at before Brexit in 2016. While he expects the pound to rally against the US dollar and the euro over the coming year, Trivedi, the head of Global Foreign Exchange, Interest Rates and Emerging Markets Strategy Research, says the pound is unlikely return to those levels anytime soon. Goldman Sachs Research’s estimate of fair value is around £1.25 versus the dollar, compared with around £1.45 just before Britons voted to leave the EU. “If you are going to have a big ... (full story)