Hedge funds have made record bearish bets against sterling as Brexit pummels the currency, while some analysts believe a pound will be worth the same as a euro in 18 months. Large speculators raised net bearish wagers on the British currency to the most in Commodity Futures Trading Commission data going back to 1992, Bloomberg's Kevin Buckland and Narayanan Somasundaram report. Data out already today show weakness in the London house market this month. Properties are staying on the market for longer even after sellers cut prices. Still to come this week: inflation, retail sales, unemployment and budget ... (full story)