Currencies

May face 'legal consequences'

Pound has already fallen 10%

Run by trio of managers

Conditions may worsen

Extends QE to at least March 2017

Shifts in currency and equity positions

Townsend Lansing, head of short/leveraged and FX platforms at ETF Securities, explains how currency hedging in the ETP space can be used to exploit market dislocations

Depreciating rand weighs on firm

Managers of the Ruffer Investment Company have raised exposure to sterling on the portfolio to its highest position ‘for many years'.

China has surprised investors by weakening its currency almost 2% lower after a weekend of poor trade data, sending shockwaves through other Asian currency markets.