Lates News

According to the September global fund manager survey conducted by Bank of America, the British pound is considered to be the most overvalued currency in nearly a decade. The survey results show that currently, 12% of investors (net percentage) believe the pound is overvalued, which marks a significant reversal from a month ago when only 3% of investors believed the pound was undervalued. This means that the current overvaluation of the pound has reached its highest level since December 2015. Data from the London Stock Exchange Group (LSEG) shows that as of this month (during the survey period), the pound has risen by about 1% against the US dollar; and the pound has accumulated a 9% increase against the US dollar so far this year.