FlowBank

1155 days ago • Posted by William Ramstein

Hedge funds bet on pound versus dollar

Sterling has benefited from its perception as a riskier currency than havens like the U.S. dollar or the Japanese yen. This allows it to rally as investors rotate out of U.S. assets, betting that economies whose assets are cheaper could have a larger scope for a rebound after the vaccine rollout. Source: WSJ

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