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Traders bet against UK as short-selling on pound and banks surges
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Traders bet against UK as short-selling on pound and banks surges
Traders are betting against the UK as the political storm in Westminster continues to send jitters through asset markets. The pound has tumbled to a two-week low against the dollar, clinging onto the $1.35 mark on Thursday morning. Meanwhile, figures from IG revealed that short-positioning on the pound-dollar, a bet that the price will further tumble, has jumped 45 per cent, compared with just last week. The figures showed one in five traders we…
·London, United Kingdom
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