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London Finance Show: ‘Sterling still headed for US$1.40’

Ronnie Chopra, author of Wall Street Wires, is still bullish on the British pound and expects it to appreciate against the dollar and euro in the coming weeks and months.

“I still think we’ll get to US$1.40. Obviously time is running before the end of the year but it can certainly get back to the high US$1.30s,” he says in Tuesday’s London Finance Show.

Chopra also touches on traders ignoring geopolitical risks; Tesco PLC’s (LON:TSCO) potential profits; Credit Suisse’s upgrade of Lloyd’s Banking Group PLC (LON:LLOY); Columbus Energy Resources PLC’s (LON:CERP) recent rise; and the oil price.

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