UPDATE 1-Investors cut pound weakness and rate cut bets after Johnson’s UK election win
12 Dec UPDATE 1-Investors cut pound weakness and rate cut bets after Johnson’s UK election win
Posted at 08:12h
in
News
by KMFSLLP
Investors rushed to unwind some
of their hedges against further weakness in the pound on Friday
after Prime Minister Boris Johnson’s Conservative Party’s
resounding election victory made an orderly British exit from
the European Union more likely.
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