(Bloomberg.com) Hedge funds have made record bearish bets against sterling as Brexit pummels the currency, while some analysts believe a pound will be worth the same as a euro in 18 months.
Large speculators raised net bearish wagers on the British currency to the most in Commodity Futures Trading Commission data going back to 1992, Bloomberg’s Kevin Buckland and Narayanan Somasundaram report.
Brexit Bulletin: Hedge Funds Against the Pound
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