Managers reveal strategies to curb impact of 'oversold' sterling

Has the currency reached a bottom yet?

Investors are adopting a number of strategies to cope with sterling volatility, although they are divided on whether the beleaguered currency is close to its floor or has further to fall as fears over a 'hard' Brexit intensify.

Sterling is struggling to recover from the recent 'flash crash' on 7 October, when the pound plummeted 6% in a matter of minutes to $1.149 during Asian trading, prompting Bank of England governor Mark Carney to launch an inquiry. The currency has come under renewed pressure since Prime Minister Theresa May announced plans to trigger Article 50, which will begin the process of the UK's exit from the EU, by the end of Q1 2017. Investors are also growing increasingly concerned about the threat of a 'hard' Brexit from the bloc, which would likely see the UK give up full access to the EU s...