GBP leap on unwind of no deal hedges now vulnerable to UK-EU FTA reality show: CAN$ election-time spurt also transitory
Executive Summary The seven per cent jump of the pound in a few days, based on a sudden violent change in hedging positions, is not without precedent. The key question is whether fundamental forces have changed in a way likely to ratify that movement. In the case of the pound today, the answer here is …