Bets against sterling hits record level
Speculators increased bets against sterling to record levels even after the formation of the new coalition Government, as worries escalated over the health of the UK finances.
Data from the Chicago Mercantile Exchange showed speculators had extended bets against sterling to 76,745 contracts from 72,188, equivalent to $6.9bn (£4.7bn), in the week ending on May 18, the Financial...
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