Despite a great start to the year, sterling has seen some dramatic falls recently. But, says Dominic Frisby, we may be getting close to a buying opportunity. Here’s why.

US stocks are going from strength to strength while European markets falter. But there’s no mystery. They are at the mercy of a much bigger market than equities.

The pound has perked up. Last week it jumped to $1.43, the highest level since the referendum on leaving the EU.

US equities have enjoyed a ‘‘Trump bump’’ since the 45th president took office. The US dollar, which is close to a three-year low, hasn’t.

The plummeting US dollar has been the stand-out financial theme of the year so far. Dominic Frisby looks at its prospects for the rest of the year.