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Sterling's rise this year could be down to trader 'bias', strategist says
Traders of the British pound have shown a bias towards belief that a soft Brexit will happen but a disorderly exit from Europe remains very much alive. That’s the view of Rabobank’s Head of FX Strategy, Jane Foley, who told CNBC on Tuesday that the currency’s history as the best performing G-10 currency in 2019 may reveal one-way thinking among city traders. “I don’t know if it’s because London is a ‘Remain’ city or if perhaps because many traders are European, but the way sterling has traded all the way back to 2016 has shown a definite bias,” Foley said via phone. The currency strategist said ... (full story)
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