Caxton FX gives investment advice
Caxton FX has offered the investment advice of putting money into sterling due to its recent performance against the dollar.
Those looking for investment advice may be interested in the tips offered by financial firm Caxton FX, which has recommended putting money into sterling.Research by the company shows that the pound made some steps towards recovering against the dollar recently, with a 15 per cent rise in the second quarter of 2009.
The stability of house prices and consumer confidence in the stock market are two factors which signify an easing off of the recession, according to the firm, and those making investments should cash in on the weakening of the dollar and yen.
Alex Dunn, senior trader at Caxton FX, said: "There are risks for sterling but on balance investor appetite for greater risk will override the problems."
Almost half of respondents to a recent poll by the investment broker said that they believe the performance of the pound will improve if Gordon Brown quits government or loses an election.
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