# British Pound Still too Risky to Buy, Downside Risks vs. Euro and Dollar Still Evident

> 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.

- Date: 2019-04-23 · published 2019-04-23T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/59850-british-pound-still-too-risky-to-buy-downside-risks-vs-euro-and-dollar-still
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Reduced foreign investment and a long-term bearish sterling bias point to limited support for the pound against the dollar.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/11209-ubs-citi-gbp-to-eur-and-usd-exchange-rate-outlook

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.