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Takeaway: We are removing FXB from Investing Ideas.

We are removing the British Pound (FXB) from Investing Ideas.

FXB: Removing British Pound From Investing Ideas - british pound 12 3


While we still like the pound (and especially what the Bank of England's Mark Carney is doing) we simply do not see as much relative upside left versus new ideas we added yesterday with Legg Mason (LM) and Hologic (HOLX). 

We continue to believe that the health of a nation’s economy is reflected in its currency. The Pound has benefited from the UK’s fiscal discipline to embrace austerity before its regional peers during the global recession – a policy decision that is paying off through accelerating growth above its European peers.