Sterling is becoming an emerging market currency, says Bank of America

Sterling is becoming an emerging market currency, says Bank of America

Analysts at the Bank of America (BoA) have warned that Brexit is turning the pound into a liquid emerging market currency, rather than a G10 currency.  Since the June 2016 EU referendum, currency analyst Kamal Shah said sterling's exchange rate fluctuations have more closely resembled the Mexican Peso than the US dollar, with its movements becoming "neurotic at best, unfathomable at worst." "The pound increasingly resembles the more liquid emerging market currencies rather than a core G...

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