Market Outlook: According to BofA Survey, Euro is Undervalued While Pound is Overvalued

According to Bank of America's November global fund manager survey, a higher percentage of investors believe that the euro is undervalued, while the pound is now seen as overvalued by some. The survey indicates that 8% of investors think the euro is undervalued, marking a six-point increase compared to October. As for the pound, it is perceived as overvalued by 5% of the respondents in the latest survey, which reflects a 14-point increase from the expected value of 9% reported in the previous month.