# The pound is the 'most undervalued major currency in the world and will rebound to its pre-Brexit levels' | The Independent | The Independent

> Morgan Stanley strategist Hans Redeker says sterling is the most undervalued major currency and could reach $1.45 by end-2018, from about $1.2544. The bank argues Brexit risks are already priced in, including a possible WTO-tariff outcome.

- Date: 2017-02-24 · published 2017-02-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72741-the-pound-is-the-most-undervalued-major-currency-in-the-world-and-will-rebound
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast of sterling recovery is a currency view with no direct effect on feed commodity supply or demand.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-07 | [What’s next for the most important currency in the world? \| MoneyWeek](https://feedsoft.ai/events/69368-what-s-next-for-the-most-important-currency-in-the-world-moneyweek.md) | -0.2% | -1.1% |
| DXY | 2025-05-30 | [Could the euro topple the U.S. dollar as the world's reserve currency?](https://feedsoft.ai/events/24904-could-the-euro-topple-the-u-s-dollar-as-the-world-s-reserve-currency.md) | -0.5% | -1.6% |
| DXY | 2024-03-10 | [Pound Is Beating 92% of Global Currencies on UK Economic Rebound](https://feedsoft.ai/events/31469-pound-is-beating-92-of-global-currencies-on-uk-economic-rebound.md) | +0.4% | +0.8% |
| DXY | 2018-09-14 | [GBP/USD: Will A Deluge Of US Data Pull Dollar Lower vs. Pound? - Currency Live](https://feedsoft.ai/events/63287-gbp-usd-will-a-deluge-of-us-data-pull-dollar-lower-vs-pound-currency-live.md) | -0.4% | +0.4% |
| DXY | 2019-10-29 | [Fed's policy still too tight for the rest of the world? – Nordea: Analytics and Market news from 29 October 2019 15:08](https://feedsoft.ai/events/56779-fed-s-policy-still-too-tight-for-the-rest-of-the-world-nordea-analytics-and.md) | -0.1% | +0.9% |

## Sources

- independent.co.uk: https://www.independent.co.uk/news/business/news/pound-sterling-is-the-most-undervalued-world-currency-and-will-rebound-to-prebrexit-levels-a7597666.html

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