Three stocks to prosper from a weak pound

With the next year looking bleak for the UK economy, sterling looks set for a bad year. So what can you buy to take advantage? Theo Casey tips three stocks that should rise as the pound falls.

In the next 12 months, sterling could really suffer against the dollar. While the US economy is far from perfect, the dollar at least has fundamental valuation on its side. The trade weighted price is 25% below its historic average.

The dollar also looks to have traders on its side. Net speculative positions (the ratio of buyers versus sellers of the dollar) have turned positive for the first time since May last year. That's a sign that feelings towards the greenback have stopped getting worse.

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