HSBC Says U.K. Is Cheap, Sees Pound Rising by Year End

The video discusses the market's risk spectrum and currency correlations over the past 50 weeks. It highlights the performance of various currencies, focusing on the pound's status and its recovery. The discussion shifts to Sterling's position, its susceptibility to global forces, and its performance against the dollar. The speaker shares a bullish forecast for Sterling, despite recent setbacks, and maintains that the UK is undervalued.

What lesson has the speaker learned regarding their bullish stance on Sterling?

What does the speaker mean by saying Sterling is undervalued?