Trump-May Meeting Should Boost the Pound

British Prime Minister Theresa May will be meeting with President Donald Trump over the next few days on her visit here to the U.S. She has been talking it up publicly by saying that the U.S. and Britain can "lead the world." Some are speculating that the relationship has the potential to be a new Reagan-Thatcher relationship. That may or may not be true. However, the meeting does present some interesting opportunities for both countries, politically and economically. It also presents opportunities for investors.

As you know Britain voted last June to leave the European Union. That triggered massive selling in stocks and the pound. I was "pounding" (no pun intended) the table and telling you to buy stocks at the time and I also said that the pound's fall was irrational. There was no reason behind such an enormous devaluation of the currency. It was based on pure emotion and a false narrative that the U.K. economy would collapse. Turns out that the British economy put in the strongest performance of any industrialized economy in the world in 2016. The pound is on its way to recovery now, and I wouldn't be surprised if the Bank of England becomes the second major central bank to start raising interest rates sometime this year....374 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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