Opinions Larry Berman CFA, CMT, CTA
CurrencySh British PoundFXBDON'T BUYNov 07, 2016
Larry Berman CFA, CMT, CTAUnknown
$121.11
Stock price when the opinion was issued
$126.92
As of Jun 23, 2026. Market Open.
E.T.F.'s
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DON'T BUY
His firm really views currency as one of the ways to outperform or add alpha. When analysing currencies, he looks at it very much as analysing stocks; it can become overvalued or undervalued. His criteria is to see 1) an undervalued currency, 2) a certain revulsion to a currency, and 3) a catalyst. The British pound meets the first 2, but fails to see a catalyst.
E.T.F.'s
Brexit has not begun and the negotiations have not begun. It will be a year after that when we have any clarity on what the deal will be. The British pound will not snap back any time before that.