FX market goes back to fundamentals
James Binny, executive director in the foreign exchange analytics and risk advisory team at ABN Amro in London, said fundamental strategies will benefit from currency value and yield becoming more closely aligned.
GBP/USD has continued its decline since the Bank of England cut rates in December last year, to 5.5% from 5.75%. The currency pair hit a low of 1.9576 last Thursday (January 10), from highs of 2.1074 in the summer of 2007, as economic indicators for the UK economy decline.
"On valuation
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