DislikedHi Bones,
Sorry for the newbie question here but, if it does, what's that mean for GU?
Geezzz...so much to learn...LOLIgnored
This is based on sterling being seen, to a certain extent, as a barometer of broader risk appetite, which is demonstrated through its correlation with equities. And, of course, the greenback normally peforms poorly during times when the market is "risk-on".