Bloomberg – Hedge funds are more bullish on the pound than any time since July as voters in Scotland head to the polls today to decide whether to break away from the U.K.
While opinion polls show the referendum is too close to call, the latest data from the Commodity Futures Trading Commission in Washington show large speculators have a net 26,727 contracts that would profit from a gain in sterling, the most since July 25. Traders have been buying the pound even as pension funds sell, according to Citigroup Inc.
