The British pound is one of the most promising world currencies.
Currently, it is quite difficult to find a liquid asset with a growth potential; most currencies are unstable, and precious metals are less liquid and not suitable for all investors.
Until recently, the Swiss franc was the ideal option, but after its unpegging from the euro and the subsequent decline, many investors lost confidence in this currency.
But even in today's reality, there is a currency that has simply fantastic growth prospects – the British pound sterling.
To believe this statement, it is enough to look at the chart of the pound/dollar currency pair over ten years.
At its peak in 2008, the pound was worth 2.11 cents; the current rate is just $1.32 per pound.
What was the monumental event that caused the UK currency to fall by almost 40 percent?
You must admit that such a record decline requires more compelling reasons, so it can be safely stated that the current exchange rate of the pound is significantly undervalued, the currency is undervalued.
At the same time, positive news is gradually beginning to restore the British pound's former strength, and surprisingly, Brexit is also playing a positive role in this matter.
The UK will no longer have to shoulder the burden of the economies of EU outsiders who consume more than they contribute to the commonwealth budget. And a stricter immigration policy will limit the influx of people relying on social benefits and unwilling to earn their own living.
This means that the pound's current outlook is quite bright, and this currency is suitable for both long-term investments and forex trading with medium-term trades.
