The pound’s resilience following buoyant post-Brexit economic data is encouraging some sterling pessimists to rethink their short-term strategies. Deutsche Bank AG has exited a bet for sterling to fall on a trade-weighted basis, while retaining its longer-term negative view on the U.K. currency. UniCredit SpA said it had closed a short pound-dollar position, or a wager sterling would weaken, to reduce “tactical” risk. The pound rose for a fifth day against the greenback, its longest winning streak since March. Reports such as an index of August services, which jumped the most on record when it was published on ... (full story)