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Pound Steadies But Hedge Fund Boss Says It Could Fall Further

by londonlovesbusiness.com posted 1year ago 23 views
Recovering slightly from this morning’s losses, the pound is 0.05 per cent up against the dollar at $1.2888. But it is still at an 11-month low. Meanwhile, British hedge fund manager Crispin Odey has warned that sterling and UK government bonds will fall further in the run-up to Brexit. Asked by Reuters whether he would bet on the pound falling further, Odey said he would continue to short sterling in the run-up to Brexit. “I’ve been short sterling because my sense is that we’ve got to go on our own.

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