Five key currency trades to back for H2 2013

The pound has slid sharply over the last few weeks versus a basket of currencies, while the US dollar has continued its 2013 resurgence, but where are the screaming buys in currency markets now?

Currencies including sterling have endured a tough spell in recent months, as worries over economic growth and prolonged stimulus packages weigh on outlooks. The pound itself has fallen from $1.63 versus the US dollar at the start of 2013 to its current rate of around $1.50, just above a three-year low, and has also sold off sharply against the euro. Looking further afield, the Australian dollar has also come under pressure against major currencies, sliding around 10% since the start of the year versus the US dollar while giving up all of this year's gain's versus the yen in the last ...