Blog: Investors Bet Against Pound as Focus Returns to Brexit – The Wall Street Journal

Traders’ sentiment toward the British pound has reached its lowest since the run-up to last year’s election, as attention shifts from the coronavirus pandemic to stalled Brexit negotiations.

Hedge funds and traders using borrowed money to make speculative bets have taken the most positions against the pound since November, according to FactSet, signaling that they expect it to drop further.

The…

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