Hedge Funds Ramp Up Bearish Sterling Bets on Andy Burnham Risk

Posted by MarketsWire

Hedge funds and asset managers piled into bearish sterling option bets last week after Manchester Mayor Andy Burnham secured a pathway to potentially challenge for UK prime minister, raising fears of political instability and looser fiscal policy.

1 replies

tomspark wrote:

Lol, Andy Burnham as a currency risk factor. I mean the guy's fine but this feels like hedge funds creating a narrative out of thin air to justify short positions they already wanted.