RE: Short GBPUSD17 Oct 2018 21:47
The U.K. is close to reaching a deal on Brexit, setting the stage for a potentially historic appreciation of the embattled pound, according to hedge fund executive Stephen Jen.
“An imminent deal is overwhelmingly probable,” wrote the chief executive of London-based hedge fund Eurizon SLJ Capital in a note Tuesday. “The chances of a no-deal hard Brexit are very low, and a deal in the coming weeks will likely allow the pound to rally.”....