UK's Cable: Sterling overvalued by 10 -15 % on a trade-weighted basis

FXStreet (Bali) - UK Business Secretary Vince Cable said, at a Liberal Democrat party’s annual conference in Glasgow, that Britain’s economic growth is being hampered by stalled exports, partly as a result of the high value of sterling, Bloomberg reports. Cable added that “arguably, the pound is overvalued by 10 to 15 percent on a trade-weighted basis."