“Recent statements by the current and upcoming governors seemed like a battle between who could do the most easing,” Ashraf Laidi, chief global strategist at City Index, said in a CNNMoney article. “This gave traders little choice but to sell sterling.”
For instance, Soros Fund Management, Tudor Investment Corp., Caxton Associates and Moore Capital are shorting the pound, reports Ben Gersten for Business Insider.
CurrencyShares British Pound Sterling Trust
For more information on the British pound sterling, visit our British pound category.
Max Chen contributed to this article.