Pound’s ‘Crisis Chapter’ Is Over, Deutsche Bank’s Gopal Says
- May now trade like “normal currency” after volatility: Gopal
- Strategist bearish on sterling, targeting $1.08 by year-end
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The pound has finally caught a break after the wild ride of recent weeks, but the outlook still looks anything but easy.
That’s the view of Deutsche Bank AG strategist Shreyas Gopal, who warned nearly two months ago of a potential balance of payments crisis in the UK. After a tumultuous period for the currency -- including a change of government -- that risk has now abated, he wrote in a note to clients on Monday.