Monson warns on sterling as 'Draghi Effect' takes hold

Monson, managing partner of Sarasin and manager of a number of funds including its £144m Sarasin Global Equity Income fund, said sterling's rise in the last year against the single currency has left it looking susceptible to a reversal. With ECB President Mario Draghi doing a good job of placating nervous investors thus far, Monson said sterling's growing list of headwinds could lead to a sell-off versus the euro from here if Draghi continues to formulate a eurozone recovery plan. "Sterling now appears more vulnerable to the continued UK slowdown, further bond purchases under the late...