Hedge funds have stepped up bearish positioning on sterling as political uncertainty in the UK escalates and expectations for monetary easing build, according to a report by Bloomberg citing market data and dealer commentary.
The pound slid to a two-week low against both the euro and the dollar on 5 February, weighed down by concerns over Prime Minister Keir Starmer’s grip on power and a closely split Bank of England rate decision that came within one vote of a cut. Pressure intensified over the...
Continue Reading
Sign up for FREE to read the full article and access 128K+ alternative investment headlines.