{"id":146427,"date":"2019-04-25T11:00:53","date_gmt":"2019-04-25T15:00:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146427"},"modified":"2019-04-25T06:46:12","modified_gmt":"2019-04-25T10:46:12","slug":"the-pound-is-undervalued-and-looks-set-to-appreciate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/the-pound-is-undervalued-and-looks-set-to-appreciate\/","title":{"rendered":"The pound is undervalued and looks set to appreciate"},"content":{"rendered":"
April 25, 2019<\/div>
\r\n<\/div><\/div>

By George Prior<\/strong><\/p>\n

The pound is currently looking undervalued – despite the Brexit chaos – and can be expected to appreciate, forecasts the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

Nigel Green, the founder and chief executive of deVere Group is speaking out as weeks of talks resumed between the two main political parties in Westminster following the Easter break.<\/p>\n

Mr Green comments: \u201cDespite Theresa May securing an extension from the EU, the Brexit impasse seems as intractable as ever.<\/p>\n

\u201cThe talks between the government and the official opposition seem to be on the verge of collapse.<\/p>\n

\u201cNothing has of any substance been achieved and everything remains up in the air.\u201d<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\u201cHowever, the one thing that does seem a relative certainty is that there will be some form of soft Brexit.\u00a0 The longer the Brexit process takes, and it is clearly taking a long time, the closer the final relationship between the UK and the EU will be.\u201d<\/p>\n

He continues: \u201cAgainst the backdrop of a likely soft Brexit, the pound currently looks undervalued.<\/p>\n

\u201cWhen Brexit is finally delivered, investors are advised to be on the watch for a rally in the pound, UK stocks and a spurt in economic activity as sidelined household and business spending kicks in.\u201d<\/p>\n

He goes on to add: \u201cSince the Brexit referendum took place, the pound is down 14 per cent against the euro and 13 per cent against the US dollar compared to the day of the vote in June 2016.<\/p>\n

\u201cIn the new environment, should a soft Brexit be delivered, there is a possibility that the pound could rise to pre-referendum levels against the pound.\u201d<\/p>\n

Mr Green concludes: \u201cBrexit, amongst other geopolitical and economic factors, drive investors returns. It\u2019s therefore crucial that investors mitigate risks and capitalise on the inevitable opportunities of shifting environments by ensuring that their portfolios properly diversified.\u201d<\/p>\n

About<\/strong><\/em><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior The pound is currently looking undervalued – despite the Brexit chaos – and can be expected to appreciate, forecasts the CEO of one of the world\u2019s largest independent financial advisory organizations. Nigel Green, the founder and chief executive of deVere Group is speaking out as weeks of talks resumed between the two […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-146427","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=146427"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146427\/revisions"}],"predecessor-version":[{"id":146428,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146427\/revisions\/146428"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}