View full page at forexfactory.com

 

Is George Soros About to Short the British Pound Again?

From moneymorning.com

Shorting the yen has earned George Soros more than $1 billion in profits since November. Now Soros has set his sights on the second-most-shorted currency in the world - the British pound. And he may have company, as the Financial Times reports: Along with Soros Fund Management, Tudor Investment Corp., Caxton Associates and Moore Capital - some of the best global macro traders - "see similarities in UK's predicament to that of Japan" and are interested in shorting the pound. This adds to worries about the pound, which has already fallen 5% this year. And with exports falling, productivity low, and gross domestic ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News