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UBS advised investors to limit UK asset allocations until Brexit uncertainty clears, calling sterling about 10% overvalued on one model. Positioning data shows the market neutral after short bets were closed, and GBP/USD is holding around 1.30.
Reduced foreign investment and a long-term bearish sterling bias point to limited support for the pound against the dollar.
poundsterlinglive.comNews, Data, ForecastsApr 23, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
