Sterling is the most undervalued of major currencies against the dollar argues Daragh Maher, FX strategist at Calyon.
Mr Maher says sterling is undervalued using both a fundamental economic equilibrium approach and purchasing power parity analysis.
View of the Day: Sterling the recovery currency
By Daragh Maher
Published: August 3 2009 16:19 | Last updated: August 3 2009 16:19
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