BNP Paribas expects sterling upside next year
The bank believes it is difficult to be bearish on the currency
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The unfolding negotiations between the UK and the European Union next year could have a positive impact on sterling, as markets have priced in worst-case scenarios ahead of Brexit talks, leaving room for a rebound, says Steven Saywell, global head of foreign exchange strategy at BNP Paribas.
The French bank, which topped last week's one-month forecast table, has a constructive view on the currency being undervalued.
"The market is pricing in a lot of bad news," says
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