(Bloomberg) — Brandywine Global Investment Management LLC has made a stronger pound one of its major bets, saying the currency is eventually poised to strengthen to $1.50 following a successful Brexit deal.Sterling is set to rebound to that level within two years as sentiment toward U.K. assets improves once the Brexit turmoil has been resolved and as the dollar weakens, said Jack McIntyre, a portfolio manager in Philadelphia at Brandywine, which oversees $75 billion. Both the U.K. and European Union have plenty of incentives to reach a deal, he said.“If we’re right about the dollar on a multi-year downtrend, then …read more
Source:: Yahoo Finance
