Goldman Sachs has recommended clients go long sterling against the dollar, with a target of $1.30 compared with the pound’s current spot value of around $1.23, citing relatively low odds of a no-deal exit from the European Union. It said it had issued the recommendation late on Friday because “the distribution of risks was skewed to the upside, even though the exact path ahead for Brexit remains uncertain.” The bank noted the law requiring Prime Minister Boris Johnson to seek an extension to the Brexit deadline but also said the UK government’s new Brexit proposals had made it more optimistic that a deal would be ... (full story)