If the Balassa-Samuelson Theorem holds true (which it does when looking at the chart), then GBPUSD has been overvalued for a long time, based on the productivity discrepancy between the…
If the Balassa-Samuelson Theorem holds true (which it does when looking at the chart), then GBPUSD has been overvalued for a long time, based on the productivity discrepancy between the…