Sterling is cheapest major currency: Investec AM

Hysni Kaso
26 May 2010

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Investec Asset Management, which runs over $4bn in active currency funds, believes sterling is the cheapest of all major global currencies.

Tim O'Dell, who manages Investec's Managed Currency and Currency Alpha funds, says the group is overweight sterling and believes it would take a 5-10% devaluation of the dollar against the pound to change...

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