Pound Is ‘One of the Most Undervalued’ Currencies Among the G-10
- Sterling is one of the most undervalued G10 currencies: Nordea
- Scottish referendum would have less of an impact than Brexit
How Damaging Is a Scotland Referendum to the Pound?
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The pound was hovering near key levels on the charts, with traders reporting lower-than-average volumes going into the year-end.
The currency is now approaching the 50-day moving average against the dollar, a level below which it hasn’t closed this month. Meanwhile, the euro was hovering near its 200-day moving average against sterling, a level that hasn’t been breached in a year.