UPDATE 1-Investors cut pound weakness and rate cut bets after Johnson’s UK election win
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.
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.
Posted by Reuters
