Hedge and Investment funds bet on GBP having turned the corner
According to Reuters, the large investment managers and Hedge Funds are betting on a stronger pound as they think the worst is over
and UK will avoid a disorderly crash out of the EU. We have found a part of the reason why cable rallied from 1.34 to 1.43 over the past 1.5 month I think…
They were short before and forced to flip . I reckon my self that conclusion is a little premature before we can really judge the balance between the EU Trade deals and the new bilateral deal UK will strike independently with other partners.
What’s for sure is that when the big boys are out to play, it creates waves. We can rest assured to see another volatile year with loads of opportunities