There's Still Plenty Of Time To Sell Sterling

After months of campaigning, UK has finally decided to leave the European Union. A risk-off mentality has now gripped financial markets around the world as investors and traders wait to find out what the next step is for the UK and the rest of the EU.

The pound has suffered the most from the Brexit decision. At time of writing, sterling is down by 8% against the dollar at $1.365 after hitting a high of $1.50 in overnight trading. The euro is up 5.8% against the pound at 0.81c to the £1.

There’s still plenty of time to sell sterling

Uncertainty prevails in the markets, and it’s unlikely investors will see any quick answers about the next steps in the divorce process and...