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The pound is a ‘screaming buy’ if it falls to $1.30, strategist says
A near-term fall in the British pound would offer investors a clear buying opportunity, according to one strategist, who said the currency was set to get a boost next year as a result of the U.K. leaving the European Union. Manish Singh, chief investment officer at Crossbridge Capital, said on Thursday that the “benefits from Brexit (are) going to accrue over (the) medium-term.” He expects the pound this year to hold at its current level against the dollar (around $1.3626 at the time of writing) or head to $1.40, “but not beyond that, and if it gets to $1.30, then it’s a screaming buy.” Singh told CNBC’s ... (full story)
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