PA Video Insight: Currency going lower is a good thing for UK mega caps

Added 9th November 2016

Rather than talking about how UK Alpha was positioned ahead of Brexit - before the unexpected result - Richard Buxton talks more about sterling’s likely continued weakness and how it plays to his strengths

In the immediate aftermath of the EU referendum result, sterling dropped from £1.50 to £1.30 against the dollar and, with more stimulus expected from the Chancellor to come, OMGI’s Head of UK Equities Richard Buxton expects sterling to weaken further.

In an exclusive interview with Portfolio Adviser, he singles out one specific sector that will benefit hugely as a result with the so-far-ignored dull mega caps ideally placed.

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About Author

Gary Corcoran

Director

Portfolio Adviser & International Adviser

Gary Corcoran is the editorial director for Portfolio Adviser, International Adviser and Fund Selector Asia. He is also programme director and chairman for events hosted across the UK, South Africa, Middle East and Asia. Gary joined Last Word Media in August 2006 as the launch editor of Portfolio Adviser, having previously worked at Bacon & Woodrow, Legal & General, FT Business and MSM International.

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