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Goldman Sachs Says British Pound Is Among Favorite 2020 Picks

From bnnbloomberg.ca

Goldman Sachs Group Inc. is the latest Wall Street bank to bet on a pound rally in 2020 as it sees next month’s U.K. elections as a pathway to resolving Brexit. Sterling will likely appreciate against the euro while U.K. government bonds slide as progress on Brexit after the Dec. 12 vote could remove investment uncertainty and also unleash more public spending, strategists at Goldman said in its ‘Best Trade Ideas Across Assets’ note. That view echoes peers such as Bank of America Merrill Lynch and Morgan Stanley. “Our economists think a victory for the Conservative Party in next month’s election would likely result ... (full story)

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  • Category: Fundamental Analysis