BLBG: Standard Bank Says Sell Pound Versus Dollar, Forecasts a Drop to $1.5140
Standard Bank Plc advised investors to sell the pound against the dollar, estimating the U.K. currency will decline to $1.5140.
Investors should end the trade should sterling strengthen to $1.5870, Steve Barrow, head of research for Group of 10 currencies in London, said today in an e-mailed note.
The pound was little changed at $1.5573 as of 11:19 a.m. in London.
Barrow also advised investors to buy the Norwegian krone against the Swedish krona.
