Pound for the pound: “We think sterling is in a bad situation” – Richard Falkenhall
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Political uncertainty over the upcoming Brexit negotiations between the UK and the European Union will be negative for sterling in the long term, as the divergence between the two positions is unlikely to reduce going forward, according to Richard Falkenhall, a senior FX strategist at SEB.
“We are considering lowering our [sterling] forecast when it comes to the longer term. We think sterling is in a bad situation. The negotiations haven’t even started yet and we