ETF Securities Research Blog

The view from the back of the queue – GBP in focus

The British Pound is plumbing 30-year lows against the US Dollar, after the shock of the EU Referendum result. GBP/USD has plunged around 11% since the EU Referendum vote, highlighting the mistaken expectations of financial markets. Uncertainty means elevated market volatility in coming weeks, with investors likely to remain defensive in their portfolio allocations in FX markets. Read more…