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Hedge fund sees further sterling weakness after Bank of England’s record rate hike
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A London-based hedge fund is expecting the pound to fall further amid rising inflation and a gloomy economic forecast.
The pound extended its losses on 3 November after the Bank of England warned of the longest recession in nearly 100 years.
UK inflation topped 10.1% in September. The Bank is now expecting that figure to reach 11% by the end...
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