Pounding Is Weak
Investors in Great Britain have reason to believe that the GBP may grow weaker later this year. Wealth managers have noticed a trend wherein their UK-based clientele is buying into equities, bonds and property denominated in currencies other than the GBP.
However, this could spell different pros and cons for different people. For example, for people who live in and own their principle liabilities in the UK, the fluctuating value of the GBP might not really matter. For UK exporters, on the other hand, this might spell good news as their product will seem cheaper when compared to their local providers abroad. Read more in this FT article.