sterling

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

Miton manager Martin Gray shares his thoughts on the currency markets and why UK interest rate rises are more likely to come in years, not months.

Speculators increased bets against sterling to record levels even after the formation of the new coalition Government, as worries escalated over the health of the UK finances.

British factory production surged ahead at a rate five times faster than expected in March as the weak pound helped revitalise Britain's export trade.

British factory production has surged ahead at a rate five times faster than expected in March as the weak pound helped revitalise Britain's export trade.

The FTSE 100 has soared in early trading, up 3.35% to 5294.55, as the markets took confidence from this weekend's €750bn rescue deal to defend the euro.

F&C's Jeremy Tigue has moved his short-term borrowings from sterling into yen to benefit from an anticipated strengthening of the pound.

Barclays Wealth has added multi-currency hedged share classes across its entire Dublin-domiciled GlobalAccess fund range.

Since the start of the year, sterling has weakened materially against the US dollar, and slightly against the euro. For owners of UK equities this is a mixed blessing.

Sterling hit a 10-month low against the dollar last week, to the clear surprise of many advisors.