In the immediate aftermath of the EU referendum result, sterling dropped from £1.50 to £1.30 against the dollar and, with more stimulus expected from the Chancellor to come, OMGI’s Head of UK Equities Richard Buxton expects sterling to weaken further.
In an exclusive interview with Portfolio Adviser, he singles out one specific sector that will benefit hugely as a result with the so-far-ignored dull mega caps ideally placed.