Global heavyweights see a "massively underrated" pound as the fog empties in Westminster

A link between global banks and investment houses is preparing for a British economic boom and a potentially explosive rise in sterling, bets that elections will finally break the eternal stalemate over Brexit.

The pound has risen 6pc from basement lows to a six-month high of $ 1.30 since Boris Johnson signed a deal with the EU, but currency experts believe it remains massively undervalued and can vault much higher with the right catalysts.

“Sterling is in the running if we finally get a withdrawal agreement and a government with a working majority. It can go a long way to $ 1[ads1].45, "said David Bloom, HSBC's veteran currency strategist.

" Much investment has been made …

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