Quantitative easing (QE) has ended in the United States and at some point, it must end here.
If the Brexit negotiations turn out to be a success, the pound will surely rally; and significantly. While a stronger pound will be great for the prestige of the nation, it will be damaging for investors.
The combination of fully valued financial markets and the pound set to soar, investors need to be ready to do an about turn. Portfolios need to focus more on domestic assets and consider currency hedging while they still can.
, CIO, Newscape Capital Group