Will pound rebound against 'uglier' euro?

John Taylor, founder of the $3bn FX Concepts fund, has predicted the pound will rally from here against the euro after its recent fall, as attention returns to the eurozone.

Sterling has been the world's worst-performing major currency so far this year, as fears over Britain's growth prospects and uncertainty over its future in Europe weigh on the pound. Following the release of weaker manufacturing data last week, the pound closed near an 18-month low against the euro at €1.1550, having fallen blow €1.14 earlier in the week. Versus the dollar it fell below $1.50 for the first time since the summer of 2010. However, Taylor said the FX market will soon start to refocus on the structural problems facing the euro that have dominated currency markets for the ...