Sterling might struggle as we approach Brexit Day – but long term it’s a buy

The uncertainty surrounding Brexit has left sterling undervalued. And while it remains vulnerable for now, it’s a solid buy in the long run. Dominic Frisby explains why.

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(Image credit: © 2018 SOPA Images)

In today's missive we consider the fate of the oldest currency in the world still in use today. I'm talking, of course, about the Great British pound. Currently a pound buys you US$1.29 or €1.14. As 29 March, Brexit day, comes into view, is the end of the forex turmoil finally in sight? Or is there worse to come?

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby