UK’s Pound Under Siege With Mounting Bets It Will Drop Below $1
(Bloomberg) — Speculators are betting the UK’s pound will slide to a level that was virtually unthinkable in recent decades: $1 or less. After the pound tumbled as low as $1.035 Monday, the weakest on record, options markets show traders expect it to keep falling. Three-month risk-reversal contracts lean the most bearish against the pound …
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