(Bloomberg) -- The British pound will decline against the U.S. dollar in the second half of the year as the Federal Reserve keeps interest rates unchanged, according to Bank of America Corp., the biggest U.S. bank by deposits.
Bank of America advises investors to buy options to bet on a slide in the pound over the next six months. The currency should drop about 6 percent by early October amid investor disappointment over the failure of the Fed to cut rates.
Read more at Bloomberg Currencies News
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