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Hedge funds stay cautious on pound bets amid fears of more political volatility
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The pound’s spike on 20 October after UK prime minister Liz Truss’ exit turned out to be a dead cat bounce, as the currency dropped below pre-resignation levels the following day.
With volatility continuing around sterling, hedge funds are planning a cautious approach.
Truss announced her resignation on 20 October, becoming the shortest-serving...
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