Sterling contrarian Neil Staines bets on upswing for UK currency

Strategists have rushed to slash their pound forecasts since the UK voted to leave the EU, but one fund manager is bucking the anti-sterling trend.

Neil Staines runs a long-sterling book at ECU Group, a London-based money manager specialising in foreign exchange.

While 2016 has been a difficult year, he says the tide is turning for Britain’s currency as fears over Brexit are outweighed by political risks in the US and mainland Europe.